Royal Mail

The combined accounting surplus of Royal Mail's two defined benefit (DB) pension plans grew by 12% in the year to 26 March 2017, the company's annual report has revealed.

With one in eight DB schemes still open to new members, Michael Klimes explores the argument that they should be run differently from closed ones

Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.

Royal Mail will close its career average defined benefit (DB) scheme to future accrual from April next year, it has announced.

Stephanie Baxter says the CWU's proposal for a risk sharing scheme at Royal Mail is a breath of fresh air at a time when there are growing concerns about DC.

A union proposal for Royal Mail to create a risk sharing scheme has brought back the idea of defined ambition. Stephanie Baxter looks at how it would work and if it could set a blueprint for others

This week's top stories include coverage of a proposal to merge Royal Mail defined benefit and defined contribution members into a risk-sharing scheme.

The Communication Workers Union (CWU) is calling on Royal Mail to merge its defined benefit (DB) and defined contribution (DC) members into a risk sharing pension scheme.

Royal Mail has started a formal consultation process on closing its "unaffordable" defined benefit (DB) scheme to future accrual from April 2018.