Royal Mail has made a major corporate decision regarding pensions that is not expected to sit well with the 130,000 employees dedicated to the company .
Royal Mail is planning to close their final-salary pension scheme to all employees, further adding to current unrest and dissent amongst employees who want more pay and better working arrangements.
The new pension scheme will be very different, and include raising the retirement age by several years. Closing the pension scheme to all employees is regarded as particular harsh, and could face watchdog censure.
The unions are understandably up in arms, and the PO could now face a wave of strike action over the decision. The PO will also increase retirement age from 60 to 65, a further cause for concern for their workers.
Royal Mail will close some pensions schemes
Pensions Quote Line
0845 108 0505
Royal Mail will close some pensions schemes
Wed, 26 Sep 2007
Recommended links
Free pensions enquiryToday's pension results
Pension wrap accounts
Care in old age
Pension providers could flourish
All time pensions low
Pensions.co.uk is part of a large network of financial sites created to help advise you on life events, such as buying a house, Mortgages.co.uk; insuring your car - CarInsurances.co.uk; your life - LifeInsurance.co.uk; and your home - HomeInsurance.co.uk.
1998 - 2008 UK Pensions - Planning before, at the onset and during retirement.
| pensions news |
|---|
| Government will protect pension holders - Tue, 06 Jan 2009 |
| Pension investors told to consider hotel rooms - Wed, 24 Dec 2008 |
| Pensioners will see a boost to their income - Mon, 15 Dec 2008 |
| More News |
Pensions Newsletter
Please enter your email below and subscribe to our monthly newsletter
Save on Your Mortgage
Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.
Protect Your Health
Find Critical illness, Life and Private Medical Insurance PMI policies.