Chancellor George Osborne has confirmed that Royal Mail Pension Plan Assets to be transferred to the Treasury will be used to pay off government debt.
The budget report confirmed that an estimated £28bn of assets would be taken on by the Government on 1 April. Osborne said: "The transfer of the £28bn of assets from the Royal Mail pension fund ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
