Royal Mail's accounting pension surplus drops by 42%

Kim Kaveh
clock • 2 min read

The combined IAS 19 accounting surplus of Royal Mail's defined benefit (DB) schemes fell to £2.2bn in March from £3.8bn a year ago, according to its annual report.

Today's announcement comes after the Royal Mail Pension Plan (RMPP) was closed to future accrual from 31 March, as part of plans to deliver cost efficiencies. The postal service also sponsors th...

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