Royal Mail

Royal Mail chairman Donald Brydon re-appointedThe IndependentThe chairman of the Royal Mail has been re-appointed for three years on an unchanged annual salary of £200000, it was announced today. Donald Brydon was appointed chairman of the postal group in 2009. Postal affairs minister Norman Lamb said: "Donald … More: continued …

Three pension tales: BT, Royal Mail and Trinity MirrorBBC NewsThe sister scheme of the BT one, the Royal Mail scheme, isn't being privatised along with Royal Mail itself. Its £28bn of assets and £37.5bn of liabilities are being transferred in the current tax year away from the company and squarely …

The transfer of the Royal Mail pension scheme to the state has been given the green light by European regulators, paving the way for a £28 billion boost to public finances. More: continued here

Pitney Bowes Warns That April VAT Increases Could Cost Businesses GBP 1000sMarketWatch (press release)On 2nd April, the Royal Mail is introducing VAT on a range of bulk mail services. This will be in addition to VAT that was applied to other products in April 2011. Clean Mail advanced (soon to …

LONDON (Reuters) – Britain's second largest postal firm TNT Post is to trial deliveries on the streets of west London next month as it steps up ambitions to rival state-owned Royal Mail Group as the UK's postal provider. TNT Post UK, which is owned by Dutch mail company PostNL NV …

TNT Post to trial deliveries in LondonReuters* TNT Post UK trial to start mid-April in West London * TNT Post seals Tesco deal * Rival service would disadvantage customers-Royal Mail By Neil Maidment LONDON, March 22 (Reuters) – Britain's second largest postal firm TNT Post is to trial deliveries …TNT …

EU regulators clear Royal Mail pension revampReuters UKBy Neil Maidment | LONDON (Reuters) – Privatisation of Royal Mail Group moved a step closer after EU regulators approved government plans to take on its deficit-ridden pension scheme. The European Commission said on Wednesday the revamp included … More: continued here

Royal Mail delivers a blow to Herefordshire's link roadHereford TimesRoyal Mail Group has said the proposed link road connecting Edgar Street to the top of Commercial Road would effectively sever the centre's main yard “rendering the delivery office totally inoperable”. Around 100 delivery vans and some 200 members of … …

Freshfields and Slaughters take key roles on Royal Mail pension shake-upLegal WeekFreshfields Bruckhaus Deringer and Slaughter and May are both advising on the restructuring of Royal Mail as the Government prepares to take on the postal operator's multibillion-pound pension deficit. Freshfields is advising the Government on the … More: continued …

Professional Pensions UK's post deal should have pension bosses droolingReuters Blogs (blog)The Royal Mail is getting rid of future liabilities with an estimated present value of nearly 38 billion pounds at a cost of only 28 billion pounds – the value of the assets in its pension fund. In a …