The Royal Mail could close their pension scheme nationwide, but employees will not give up without a fights. The pension scheme would be adjusted, with retirement age increased and a reduction in pension scheme benefits .
The Royal Mail claim that the only way in which they can save their pensions scheme and stop up their shortfall is to make the changes. From April 1st this year, the final salary pension scheme will be closed, although a nationwide strike is expected.
New staff at the company will be offered pension schemes with lower benefits. The management of the firm are moving fast, according to news reports, catching postal workers’ union CWU off guard.
Royal Mail fighting to save pensions
Pensions Quote Line
0845 108 0505
Royal Mail fighting to save pensions
Wed, 27 Feb 2008
Recommended links
Pensions enquiry formPensions top ten results
Tax on pension contributions
People put off saving for pension, expert says
Pension savers told to look at options
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 - 2007 UK Pensions - Planning before, at the onset and during retirement.
| pensions news |
|---|
| Life proposals shunned by pensions group - Fri, 16 May 2008 |
| Women embracing pension accounts - Mon, 12 May 2008 |
| Crisis for pension plans - Fri, 09 May 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.