Royal Mail

Financial Times Royal Mail moves to close defined-benefit pension fundFinancial TimesRoyal Mail is moving forward with plans to close a 90,000-member pension fund, adding to the list of large UK companies that are withdrawing generous retirement provisions they say are no longer affordable.Royal Mail enters talks with unions over pension …

'Cause for concern' as Royal Mail plans to ditch final salary pensionsMoneywise MagazineThe Royal Mail has unveiled plans to ditch its final salary – defined benefit (DB) – pension plan from 2018, a move that has been met with criticism from unions. The proposal, which will affect the 90,000 members …

South Wales Argus Union warns Royal Mail over pension scheme changesSouth Wales ArgusRoyal Mail is now asking workers to consider a switch to a defined contribution plan, which would see the company and employees pay into a pension pot with no guarantees as to what the pension payout will be. …

Employee Benefits Royal Mail closure consultation could see strike actionPensions Expert (registration)Changes to Royal Mail staff's pension provision would not be implemented before 2018, but the consultation proposed that unless an “affordable alternative” is found, the defined benefit arrangement will be replaced by a DC scheme in April of that …

London Loves Business The Davy Research Reiterates “Neutral” Rating for Royal Mail PLC (RMG)DailyQuintRoyal Mail PLC (LON:RMG)'s stock had its “neutral” rating reaffirmed by research analysts at Davy Research in a research note issued on Thursday. A number of other equities analysts also recently commented on the stock. JPMorgan Chase …

London Loves Business Royal Mail share price: Union threatens strike action over pension …iNVEZZA trade union at Royal Mail (LON:RMG) has threatened strike action over the company's plans to change its final salary pension scheme. The threat came as the …Royal Mail begins pension plan consultationPost and ParcelThe Davy Research Reiterates …

London Loves Business Royal Mail begins pension plan consultationPost and ParcelBut, we expect this surplus will run out in 2018,” said Royal Mail. “At £400 million per year, Royal Mail makes one of the UK's largest ongoing cash contributions. The level of Company contributions required from April 2018, if the …

Employee Benefits Pension dispute looms at Royal Mail as FTSE deficits treble in a yearCIPD (blog)The total final salary pension deficits of the UK's 350 largest companies have trebled in a year, it was reported yesterday – as Royal Mail, owner of one of the largest defined benefit (DB) schemes …

Employee Benefits Royal Mail consults on closure of defined benefit pension scheme to future accrualEmployee BenefitsRoyal Mail has launched a consultation on the proposed closure of its defined benefit (DB) pension scheme to future accrual. The consultation, which launched yesterday (Thursday 5 January 2017), will run until 10 March 2017. …

London Loves Business The Davy Research Reaffirm “Neutral” Rating for Royal Mail PLC …DailyQuintRoyal Mail PLC (LON:RMG)'s stock had its “neutral” rating restated by equities researchers at Davy Research in a research report issued to clients and investors …Royal mail begins talks on pension changes | News …London Loves BusinessOutstanding Analyst …