Peter Rutter is reportedly close to securing backing for his new funds venture from Australia’s Pinnacle Investment Management following his shock resignation as Royal London’s equities boss. Australia’s Financial Review reported Pinnacle, which takes stakes in ‘affiliate’ fund groups and provides them with distribution support, is understood to be in advanced …
Read More »Royal Mail explains how to spot fake stamp as it shares three tell-tale signs
However, Royal Mail has warned that many fake stamps can still be deceptive and may not have any of these features – here is what to look out for Royal Mail has issued guidance on fake stamps ( Image: Image courtesy of The Postal Museum) Royal Mail has issued advice …
Read More »Royal Mail proposal for a modern & sustainable USO | Company Announcement
30 April 2024 Royal Mail’s proposal for a modern and sustainable Universal Service Obligation International Distributions Services plc (“IDS” or the “Company“) is delivering a modernisation and transformation programme for Royal Mail that is bringing clear operational and financial improvements. The Company has been clear, however, that …
Read More »Royal Mail pauses fake stamp fines on claims of faulty technology
About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during …
Read More »IDS urges Ofcom to accelerate review of Royal Mail reform proposals
International Distributions Services PLC on Tuesday outlined a modernisation programme for the Royal Mail, via reform of the postal firm’s universal service obligations. The proposal is based on three key principles: that reforms are good ‘for customers and growth’; for ‘financial sustainability’; and ‘for our people’. If successful, the Royal …
Read More »Royal Mail continues drive to scrap Saturday post after union bends
Tuesday 30 April 2024 8:55 am The Communication Workers Union (CWU) had been a major obstacle to Royal Mail’s efforts to reduce its loss-making daily deliveries. Royal Mail has continued its push to ditch second class Saturday deliveries, piling pressure on Ofcom after unions suggested they were open to the …
Read More »First class decision! Royal Mail ditches controversial £5 fines on letters using ‘fake’ stamps
Charge dropped until at least July while app to highlight fakes is developed Customers will be able to scan stamp barcodes to check if they are genuine Experts warn this will not help elderly customers who rely on service to pay bills By Adele Cooke Published: 20:09 EDT, 29 April …
Read More »Council issues photo ID and postal form reminders ahead of elections on Thursday – Reading Today Online
READING Borough Council is reminding voters that they will need photo ID to take part in this week’s elections. Residents are going to the polls on Thursday, May 2, for the borough and Police and Crime Commissioner elections. A seat in each of the 16 council wards in Reading is …
Read More »Could Saturday post deliveries be scrapped?
Receiving post six days per week could soon be history if unions accept proposals to cut most Saturday deliveries. The Communication Workers Union (CWU) appears to have conceded a six-day post delivery service is financially unviable following rumours that the postal service could be taken over. There are reports that …
Read More »Royal Mail humiliation as ‘unfair’ fine axed after outrage | UK | News
Royal Mail has axed fines on letters delivered with ‘counterfeit’ stamps following outrage from recipients. People around the country have been receiving £5 fines for letters sent to them with so-called fake stamps. The issue is believed to have begun two years ago when Royal Mail introduced new stamps with …
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