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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Call to end ‘damaging’ speculation about pension tax

It is thought the chancellor could drop plans for changes to pension tax in the upcoming Budget, with experts calling speculation over any changes “damaging”.  An article in The Times claims Rachel Reeves has been told by senior treasury officials that reducing the current 40 per cent level of tax relief on …

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