Royal Mail Group

The Post Office has moved a step closer to shutting its defined benefit (DB) scheme to future accrual in March 2017.

The cost of defined benefit (DB) schemes sponsored by FTSE 100 companies could double from £7bn to £14bn per annum by 2019, according to JLT Employee Benefits.

The cost and size of pension deficits are increasing which has consequences for trustees, company directors and shareholders. Michael Klimes asks if investors are starting to worry.

Only 11 companies in the FTSE 250 provide defined benefit (DB) pensions for a significant number of employees, according to JLT Employee Benefits.

Royal Mail's defined benefit (DB) scheme could be closed to future accrual after its contributions are set to more than double from 2018.

Royal Mail is engaging employees and successfully implementing significant changes by working with its trade unions.

The Royal Mail Pension Plan's (RMPP) surplus has risen by £1.5bn in 12 months, according to the postal service's annual report.

Royal Mail increased its defined contribution (DC) pension payments to £38m in the last year - an average of 5.4% per employee.

The in-house administration team of UK Power Networks has won gold standard accreditation from the Pensions Administration Standards Association (PASA).

Nigel Stapleton has been appointed as chairman of the National Grid's UK pension scheme with effect from 1 November 2014.