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Tag Archives: Communication Workers Union

DWP to consult on new types of CDC schemes late this year

Speaking yesterday (28 March) at a Royal Society of Arts (RSA) CDC forum, pensions and financial inclusion minister Guy Opperman said he was keen to “capitalise on the enthusiasm” around CDC. Regulations which came into play under the Pension Schemes Act 2021 provide for single and connected employer schemes, which …

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Royal Mail details CDC contribution levels

In the half year end results for Royal Mail, published today (18 November), the postal company outlined more information on its current scheme, which will contain both its long-awaited collective defined contribution (CDC) section and its defined benefit (DB) lump sum (DBLS) offering. Based on current expectations, Royal Mail said …

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Royal Mail workers in the UK face jobs massacre

  Royal Mail workers in the UK face jobs massacre By Paul Lee 30 June 2020 Royal Mail has announced that 2,000 managers will be made redundant shortly. The restructuring that was promised after the previous CEO Rico Back was sacked has now begun. The cull in management is in …

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