Royal Mail’s Collective Pension Plan

Postal, Royal Mail Group (EMP) April 13 2023   There has been some good news relating to the Collective Pension Plan, in that the Pensions Regulator has informed the Trustees of the Plan that the application for authorisation has been successful. Reacting to the news, Andy Furey, CWU acting …

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Skyports and Royal Mail to deploy drones in the Orkney Islands

Skyports’s drone services division is collaborating with the Royal Mail, Orkney Islands Council Harbour Authority and Loganair to deliver cargo in the Orkney Islands. Electric drones from Skyports will undertake both daily inter-port and shore-to-ship deliveries. “The possibility of drone deliveries from shore to ship in particular, could add an …

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Regulator stamps approval on Royal Mail’s collective DC plan

Royal Mail Collective Pension Plan, London, was approved to operate as the U.K.’s first collective defined contribution plan by The Pensions Regulator. Investment and longevity risks are pooled in CDC plans and shared among participants. The U.K. government said this potentially makes them more resilient to market shocks vs. defined …

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Royal Mail to launch Scottish islands drone delivery service

Skyports claims its operation, set up with Royal Mail and Scottish airline Loganair, will “revolutionise connectivity, access and safety throughout the rural island region”. The London-based firm, which claims to be a global leader in drone logistics, surveys and monitoring, said its Orkney I-Port project also has Orkney Islands Council …

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