Royal Mail Pension Plan

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

The government should take responsibility for the Royal Mail's £8bn pension deficit, Richard Hooper says.

The Pensions Regulator is facing a backlog of post-credit crunch funding disputes as trustees and companies attempt to plug scheme deficits.

Royal Mail has agreed to pay substantially higher pension contributions to plug the scheme's multi-billion pound deficit.

The Royal Mail pension scheme is straining under the pressure of a potentially record-breaking pensions deficit, the company says.