The Royal Mail Statutory Pension Scheme (RMSPS) deficit increased to £50,876m as at 31 March 2022, up from £48,614 to in March 2021, according to the scheme’s latest Annual Report and Accounts. The RMSPS also recorded a net actuarial loss of £3.1bn over the past year, driven by the higher …
Read More »Post Office pension scheme plans buyout policy switch
The trustees of the Post Office section of the Royal Mail Pension Plan (RMPP) are planning on converting their buy-in policy with Rothesay Life into a buyout policy. In a letter, Communication Workers Union (CWU) assistant secretary, Andy Furley, detailed the trustees’ plan to move from a group insurance policy …
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