Royal Mail

Financial News (subscription) Royal Mail to shut pension schemeFinancial News (subscription)Royal Mail, the UK's formerly state-owned postal operator, is to shut down its final salary pension scheme completely, after years of reforms and cutbacks failed to put it on a sustainable footing, according to the company. Arguing that its pension …

printweek.com Strikes threatened as Royal Mail announces pension scheme closureprintweek.com“The plan is currently in surplus [£1.77bn on the IAS 19 accounting standard as of 31 March 2016] but we expect the surplus will run out in 2018,” said Royal Mail in a statement. “The company's annual pension contributions are currently …

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City A.M. Royal Mail will shut its pension scheme next year but talks are …City A.M.Royal Mail has decided to shut its mammoth pension scheme next year, saying the cost of keeping it open could be crippling.Strike threat over Royal Mail plan to close pension schemeThe CourierStrike threat after Royal …

BBC News Strike threat over Royal Mail plan to close pension schemeThe CourierPostal workers across Tayside and Fife could strike over plans to change their pension scheme. Every Royal Mail depot across the region could close amid fears some workers would lose between £10,000 and £20,000 from their pension pots …

The Guardian Royal Mail union warns of industrial action over pension scheme closureThe GuardianUnions have threatened to disrupt Royal Mail deliveries with possible strike action, after the company said it would close its defined-benefit pension plan next year. The plan, which has 90,000 members – two-thirds of Royal Mail's workforce …

Proactive Investors UK Royal Mail berated from pillar to postProactive Investors UKRoyal Mail has announced it is to close its defined benefit pension scheme. I had to explain to our cub reporter, young Tom Howard, what a defined benefit pension scheme is. I also had to explain to him who …

Citywire.co.uk Royal Mail to close DB pension schemeCitywire.co.ukHowever, Royal Mail said the scheme's surplus will run out next year. As a result, the scheme will be closed to new accruals in March 2018. Royal Mail currently contributes £400 million a year to the DB scheme but this will have to …

New Royal Mail initiative to protect against scam mailCarluke GazetteAs part of its ongoing battle against the fraudsters, Royal Mail will begin pro-actively contacting, by Special Delivery, households it believes are receiving high volumes of scam mail. The latest anti-scam initiative will initially focus on most … More: continued here

Oxford Mail Strike threat over Royal Mail plan to close pension schemeOxford MailThe Royal Mail is facing the threat of industrial action after announcing plans to close its defined benefit pension scheme next year. The Communication Workers Union said it had made clear that any attempt by the company to …