The £10bn Royal Mail Pension Plan has appointed Michael Airey as its new chief executive officer, it announced this week. Airey takes over from Richard Law-Deeks, who stepped down in June after six years in the role. Airey was previously the scheme’s head of funding and investment, overseeing its outsourced …
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The working group of schemes – the so-called DB Comms Super Group – involved in the collaboration that commissioned and funded the work were BA Pensions, Brightwell (representing the BT Pension Scheme), Coal Pension Trustees, Invensys Pension Scheme, M&S Pension Scheme, Royal Mail Pension Plan, Shell Contributory Pension Fund, and …
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The trustee of the Royal Mail Pension Plan (RMPP) has agreed to a request from Royal Mail Group (RMG) to release some money that has been held separate from the RMPP. The funds released from escrow aim to enable RMG to pay a one-off lump sum payment to all employees …
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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 …
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The M&S Pension Scheme, the Co-op pension scheme ‘Pace’, and the Royal Mail Pension Plan have committed to halving the emissions of their investments by 2030 at the latest, in line with the Paris Climate Agreement. The M&S Pension Scheme made the most ambitious pledge, aiming to reach net zero …
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Royal Mail and Co-op have announced their pledge to make their schemes commit to tackling climate change by halving the emissions of their investments by 2030. This follows from Marks & Spencer (M&S) yesterday outlining its net-zero ambitions during the Pension and Lifetime Savings Association’s (PLSA) investment conference in Edinburgh. …
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Duffield: We will work across the industry to encourage adoption Ten pension schemes representing over 19 million members and more than £150bn in assets under management have written a joint public letter endorsing the Cost Transparency Initiative (CTI). In the statement the ten schemes stated: “We believe that greater cost transparency …
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