Post Office faces strikes over plans to close DB scheme

Kristian Brunt-Seymour
clock • 2 min read

The Post Office is facing strike action over plans to close its defined benefit (DB) plan to future accrual.

Unite members began preparing strike action after Post Office representatives informed them it lacked the funding required to continue paying DB benefits to the scheme's 3,500 members. The Post ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Kristian Brunt-Seymour
Author spotlight

Kristian Brunt-Seymour

View profile
More from Kristian Brunt-Seymour

Will future demand for bulk annuities squeeze supply?

PPF hires head of investment strategy

More on Defined Benefit

Caravan and Motorhome Club scheme transitions to Standard Life plan
Defined Benefit

Caravan and Motorhome Club scheme transitions to Standard Life plan

Contract sees scheme join firm’s Group Flexible Retirement Plan

Jasmine Urquhart
Jasmine Urquhart
clock 02 April 2025 • 1 min read
Think tank makes series of recommendations for DB surplus extraction
Defined Benefit

Think tank makes series of recommendations for DB surplus extraction

SMF’s report reveals potential benefits are ‘large’, but much ‘remains unknown’

Holly Roach
Holly Roach
clock 02 April 2025 • 3 min read
XPS issues funding and investment guide for DB schemes
Defined Benefit

XPS issues funding and investment guide for DB schemes

Six-part series covers long-term strategy, covenant, investments and valuations

Jasmine Urquhart
Jasmine Urquhart
clock 31 March 2025 • 1 min read
Trustpilot