Speaking at a Work and Pensions Committee hearing on Monday, Opperman also said that his ambition was to allow transactions on the pensions dashboards in the long term, along with costs and charges, while the state pension will be shown from launch. Further dashboards regulations can be expected “early in …
Read More »Delivering Royal Mail's CDC scheme – Professional Pensions
The story behind Royal Mail's decision to set-up a collective defined contribution (CDC) scheme is, by now, well-known in the industry. Source link
Read More »Royal Mail CDC scheme closer to reality as consultation launches – Law & Regulation
The Royal Mail Collective Pension Plan, which is the first known example of these new type of pension funds coming to fruition following the provisions passed in the Pension Schemes Act 2021, will consist of the a CDC section and a cash lump sum section. A Department for Work and Pensions …
Read More »The Hut Group launches $1.22 billion London float
LONDON (Reuters) – E-commerce firm The Hut Group confirmed its intention to float on the London Stock Exchange on Thursday, in potentially the biggest listing of a British company since 2013 and the first major London listing since the COVID-19 crisis. The 920 million pound ($1.22 billion) float would value …
Read More »PRESS DIGEST-British Business – June 26
June 26 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – Huawei has won planning permission to build a new research hub in Cambridgeshire and announced it will …
Read More »CDC success reliant on 'fairer' balance of priorities
The government has introduced a bill to allow for CDC schemes to be introduced, with Royal Mail set to launch the first scheme of this type. Source link
Read More »U.K. Court of Appeal upholds injunction against Royal Mail strike ballot
Royal Mail PLC said Thursday that the Communication Workers Union’s request to the U.K. Court of Appeal to overturn an interim injunction was unsuccessful. Earlier this month, the High Court ruled a postal ballot of Royal Mail …
Read More »Opperman: Pensions bill is 'sat on my desk' and 'completely ready to go'
"We have a copious section on CDC running 45-50 clauses setting out in great detail not only how the likes of Royal Mail and the Communication … Source link
Read More »Seven Days: 19 July 2019
Brexit delayed? New president speaks New EU Commission president Ursula von der Leyen hinted at the possibility of a delay to the United Kingdom’s exit from the bloc, which is scheduled for 31 October 2019. “I stand ready for further extension of the withdrawal date, should more time be required …
Read More »PRESS DIGEST- British Business – June 27
June 27 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times The former boss of Royal Mail has stepped down from the board of Rio Tinto Plc after less …
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