Unite

Unite members in the Royal Mail Pension Plan (RMPP) have narrowly rejected the company's proposal to set up a 'cash balance' scheme when the plan closes to accrual next year.

Royal Mail has finalised its proposal for its future pension provision ahead of closing its defined benefit (DB) scheme to existing members next year.

Nuclear specialists and managers have voted in favour of reforms which will see their retirement fund based on career average earnings rather than final salary from next April.

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

Unions have urged workers in the nuclear sector to accept planned pension reforms after "breakthrough" discussions with the energy minister, Jesse Norman.

Tata Steel's proposal to close the British Steel Pension Scheme (BSPS) and replace it with a defined contribution (DC) plan has been accepted by steelworkers.

Unions have urged steel workers to accept Tata Steel UK's proposals to close the British Steel Pension Scheme (BSPS) and replace it with a defined contribution (DC) plan.

Staff at the Atomic Weapons Establishment (AWE) will strike over the closure of the firm's defined benefit (DB) scheme at the end of this month.

Unite has called on energy minister Jesse Norman to meet with trade unions to discuss proposed pension reforms for workers in the nuclear industry.

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