All Royal Mail Pension Plan articles
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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
Royal Mail Pension Plan invests in domestic property
On the go: The £12.5bn Royal Mail Pension Plan, comprising the £11.2bn Royal Mail Group section, the £733m Defined Benefit Cash Balance Scheme section and the £461m Post Office Limited section, has invested in Wayhome, a UK property company that encourages gradual home ownership through a hybrid rent and buy model.
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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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Features
Saul avoids member backlash in switch to Care
The £1.5bn multi-employer scheme for academics has avoided the problems experienced by Unilever in switching to a career-average framework, by being flexible in negotiations with stakeholders