All Royal Mail Pension Plan articles
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People NewsAppointments: Royal Mail, IGG, TPT, Law Debenture
The latest hires, promotions and appointments for the week ending 13 September 2024.
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NewsRoyal Mail CDC scheme to increase annual payroll costs by £30mn
Royal Mail’s new collective defined contribution scheme is anticipated to increase its annual cash payroll costs by around £30mn, its half-year accounts have disclosed.
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NewsDB goliaths call for AVCs stronger nudge exemption
Seven defined benefit schemes with £217bn in assets have asked for Work and Pensions committee intervention due to concerns regarding ‘stronger nudge’ requirements, which they believe are not fit for purpose.
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NewsCivil Service Pension Scheme looks for new admin
On the go: The Cabinet Office is weighing up administrators for the Civil Service Pension Scheme.*
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News
CDC pensions ‘would be 70% higher’ than traditional DC
On the go: A new guide published by Willis Towers Watson estimates that collective defined contribution pensions would be on average 70 per cent higher than traditional defined contribution, and 40 per cent higher than typical defined benefit schemes.
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Features
Royal Mail to address member knowledge gap
Royal Mail Pension Plan is considering a revamp of its communications strategy after more than half of its members said they do not understand how their scheme works.
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FeaturesRoyal Mail and M&S trim trustees to reflect membership
The Royal Mail and Marks & Spencer pension schemes have reduced the size of their trustee boards to ensure they are more representative of their membership.
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FeaturesHow BBC's Care scheme signed up 8,000 members
As the deadline passes for BBC staff to sign up to the corporation's new career average revalued earnings (Care) plan, Anna Lyudviganalyses how schemes can manage such a move.
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Features
Saul avoids member backlash in switch to Care
The Superannuation Arrangements of the University of London used negotiations to avoid a hostile response from members, when it changed its benefits structure earlier this month.