The Dormant Assets Bill has received Royal Assent, meaning the government’s Dormant Assets Scheme has been expanded to cover additional assets from certain pensions and investments. The passage of the bill is expected to unlock up to £800m for use in charitable causes. Dormant assets held via vehicles including savings …
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News in brief – 18 February 2022 · Recent Stories · Royal Mail pushes ahead with CDC plans following member consultation · TPO partially upholds … Source link
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Royal Mail Group (RMG), the Communication Workers Union (CWU) and Unite the Union have confirmed plans for a new collective pension scheme following a successful consultation process, with the scheme to be launched by the end of 2022 or early 2023. The positive outcome to the consultation, which was launched …
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Interest in collective defined contribution (CDC) pension schemes is growing, with 58 per cent of employers supporting a CDC option being available, a 6 percentage point increase on 2020, according to research from the Association of Consulting Actuaries (ACA). The ACA’s 2021 Pension trends survey also found that 54 per …
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In future Royal Mail will be seen as the harbinger, not some isolated outlier on the pensions landscape. Those who bewail the potential for … Source link
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GMB Union has launched a Judicial Review against the Treasury over its use of the cost control mechanism on public sector pension schemes. The announcement comes amid similar moves by the British Medical Association (BMA) and Fire Brigades Union (FBU). GMB claimed that, since 2015, more than four million people …
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Members of the Royal Mail Collective Pension Plan (RMCPP) who choose to save for an additional lump sum payment will receive an extra 1 per cent in employer contributions, its half-year report has revealed. The RMCPP will comprise a collective defined contribution (CDC) section and a defined benefit lump sum …
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Royal Mail to offer additional contributions for CDC scheme lump sum … Royal Mail to offer additional contributions for CDC scheme lump sum … Source link
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The European Pensions Awards recognise the pension providers that have set the professional standards in order to best serve European pension funds over the past year. EQ recognised for supporting clients, and the continuity of service through the COVID-19 pandemic, as well as innovation in digital-first technology to support scheme …
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Royal Mail has launched a consultation on the Royal Mail Collective Pension Plan, seeking views from CWU, Unite, employees of Royal Mail Group and employees of RM Property and Facilities Solutions Limited currently in the Royal Mail Pension Plan (RMPP). Under the proposals, those who have been with Royal Mail …
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