Post Office has agreed a £450m bulk annuity for its section of the Royal Mail Pension Plan, insuring all 5,700 members with Rothesay Life.
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
Kirsty James and Andrew Worthington have been made associates at Sackers, taking the firm's total number of lawyers to 51.
Carly Rees has been hired as an associate by Sackers, taking the law firm's total number of pensions lawyers to 50.