Royal Mail Pension Plan

The Royal Mail's £10.3bn pensions deficit will be taken on by the tax-payer next spring as legislation to privatise the service is expected to become law next week.

The Postal Services Bill has been amended in the House of Lords to safeguard the Royal Mail Pension Plan if the scheme is broken up in future.

Government poised to make deepest cuts ever to public sector pensions; Royal Mail write-off looms to drive sale

The restructure of the Royal Mail pension plan is essential to address its £8.4bn "huge and volatile" deficit but member protection remains "paramount", the government says.

Members of Parliament yesterday approved the Postal Services Bill, which includes relieving Royal Mail of its £10.3bn pension fund deficit.

UK - The government has announced it will set up a new public Royal Mail pension scheme - the liabilities of which are to be met by the taxpayer.

The government has announced it will set up a new public Royal Mail pension scheme - the liabilities of which are to be met by the taxpayer.

The Royal Mail's taxpayer-guaranteed 38-year recovery plan could leave it in breach of EU competition rules, lawyers say.

The National Association of Pension Funds has elected two members to its 19-strong investment council.

UK - The trustees of the £20bn ($30.8bn) Royal Mail Pension Plan have tabled a 38-year deficit reduction plan to The Pensions Regulator, the Hooper report reveals.