Proactive Investors UK Royal Mail berated from pillar to postProactive Investors UKRoyal Mail has announced it is to close its defined benefit pension scheme. I had to explain to our cub reporter, young Tom Howard, what a defined benefit pension scheme is. I also had to explain to him who …
Read More »Royal Mail to close DB pension scheme – Citywire.co.uk
Citywire.co.uk Royal Mail to close DB pension schemeCitywire.co.ukHowever, Royal Mail said the scheme's surplus will run out next year. As a result, the scheme will be closed to new accruals in March 2018. Royal Mail currently contributes £400 million a year to the DB scheme but this will have to …
Read More »New Royal Mail initiative to protect against scam mail – Carluke Gazette
New Royal Mail initiative to protect against scam mailCarluke GazetteAs part of its ongoing battle against the fraudsters, Royal Mail will begin pro-actively contacting, by Special Delivery, households it believes are receiving high volumes of scam mail. The latest anti-scam initiative will initially focus on most … More: continued here
Read More »Strike threat over Royal Mail plan to close pension scheme – Oxford Mail
Oxford Mail Strike threat over Royal Mail plan to close pension schemeOxford MailThe Royal Mail is facing the threat of industrial action after announcing plans to close its defined benefit pension scheme next year. The Communication Workers Union said it had made clear that any attempt by the company to …
Read More »Post Office surplus raises union affordability complaints – DB … – Pensions Expert (registration)
Post Office surplus raises union affordability complaints – DB …Pensions Expert (registration)The Post Office section of the Royal Mail Pension Plan remains in surplus, its latest funding update shows, just weeks after it was closed to future accrual amid …and more » More: continued here
Read More »Royal Mail PLC 6.3% Potential Decrease Indicated by Liberum Capital – DirectorsTalk Interviews
Breaking Finance News Royal Mail PLC 6.3% Potential Decrease Indicated by Liberum CapitalDirectorsTalk InterviewsRoyal Mail PLC using EPIC/TICKER code LON:RMG has had its stock rating noted as 'Reiterates' with the recommendation being set at 'SELL' this morning by analysts at Liberum Capital. Royal Mail PLC are listed in the Industrials …
Read More »Vatican stamps mark Pope Benedict’s birthday, Fatima apparitions – Crux: Covering all things Catholic
Crux: Covering all things Catholic Vatican stamps mark Pope Benedict's birthday, Fatima apparitionsCrux: Covering all things CatholicThe Vatican stamp and coin office has big plans for early May: the release of stamps marking retired Pope Benedict XVI's 90th birthday, as well as another stamp …and more » More: continued here
Read More »Strike threat after Royal Mail closes pension scheme – BBC News
BBC News Strike threat after Royal Mail closes pension schemeBBC NewsPostal unions are threatening to ballot for industrial action after Royal Mail said it would close its defined benefit pension scheme in 2018. The postal service said that the pension plan was currently in surplus, but it was not sustainable. …
Read More »FTSE 100 slides as bank shares lose ground – BBC News
BBC News FTSE 100 slides as bank shares lose groundBBC NewsRoyal Mail rose 0.6% after the postal service said it was closing its defined benefit pension scheme. The company said there was "no affordable solution" to retaining the scheme, as it would have to more than double its contributions to …
Read More »News & Tips: Royal Mail, Hays, Gattaca & more – Investors Chronicle
Investors Chronicle News & Tips: Royal Mail, Hays, Gattaca & moreInvestors ChronicleRoyal Mail Group (RMG) shares are trading 2 per cent higher this morning after the group decided members of its defined benefit pension scheme will lose their benefits from April 2018. Currently, the postal group contributes around £400m a …
Read More »