Royal Mail is a right royal mess

Benjamin Franklin famously said that there are only two certainties in life: death, and taxes. It turns out there is a third: Royal Mail not delivering post on time. I live in East Oxford, where Royal Mail has not met its target of delivering 91.5 per cent of all first-class …

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UK government plans to extend collective pension schemes

Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The UK government is planning to expand the scope of collective defined contribution pension schemes in the hope it will improve retirement planning and channel savings into a wider pool …

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TPTIM launches fiduciary management offering for DB pension schemes

TPT Investment Management (TPTIM) has launched a standalone fiduciary management offering for UK defined benefit (DB) pension schemes. The offering builds on TPT’s model of scheme consolidation and is provided by its in-house investment management function. The fiduciary management service will provide access to a range of investments, often not …

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Royal Mail opens collective DC scheme – Defined Contribution

The new model was the result of months of negotiations between Royal Mail and unions including the Communication Workers’ Union (CWU) and Unite, supported by advisers such as First Actuarial. Angela Gough, director of group pensions at Royal Mail, said: “Today heralds an exciting development for Royal Mail and for …

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