Royal Mail Pension Plan sets 2050 net zero ambition
The Trustee Board of the Royal Mail Pension Plan (RMPP) commits to achieve net zero greenhouse gas emissions across its investment portfolio by 2050. This aligns with global efforts to limit warming to 1.5°C in the same timeframe. This decision advances RMPP’s long standing approach of ensuring that climate risk is integrated into its investment […]
Cash Balance increase announced
Benefits building up in the RMPP after 1 April 2018 are normally increased each year in accordance with a policy set by Royal Mail Group (RMG). This is based on market conditions from time to time, but the aim is to provide an above inflation increase. We’re pleased to advise that the benefits built up […]
Russia/Ukraine Crisis
In light of the current crisis in Ukraine, the Trustee of the Royal Mail Pension Plan has carefully reviewed its exposure to Russian-domiciled investments. The Plan has no current exposure to direct investments in Russia and as such is compliant with all economic sanctions currently in force. We are also actively working with our managers […]
Royal Mail consultation regarding changes to the RMPP
Royal Mail conducted a formal consultation about changes to the RMPP – with the unions and with employees – between 21 September and 21 November 2021. We understand that Royal Mail: have considered consultation feedback from the unions and from employees, which was mainly supportive of the proposed changes, wish to press ahead with the […]
Benefit Illustrations
If you’re a contributing member of Section A/B or Section C of the Plan your annual benefit illustration is currently being dispatched and will be with you shortly. For more information, select when you joined the Plan on the Home page and watch the video ‘How to find the most important information in your benefit […]
Cash Balance increase announced
Benefits building up in the RMPP after 1 April 2018 are normally increased each year in accordance with a policy set by Royal Mail Group. This is based on market conditions from time to time, but the aim is to provide an above inflation increase. We’re pleased to advise that the benefits built up in the […]
Coronavirus Update No.2
We gave an update at the start of April on how we are ensuring that the RMPP continues to operate during the current virus outbreak. At the moment, our staff in the Pensions Service Centre are continuing to work from home; and we still do not anticipate any disruption to services and payment of pensions […]
Coronavirus Update
We have added a short update about how we are managing the current situation to ensure pensions carry on being paid and those approaching retirement get their benefits on time. Also, details of our Helpline hours and how to contact us by email. Read the update here.
The new Scottish Widows [Formerly Zurich] AVC Platform
We have added a link to the Scottish Widows website; here, in the text in the Library (and also in the Topping up your pension benefits page, in the Planning your future section). AVC funds built up on the old platform have now been transferred to the new platform.
Richard Law-Deeks appointed CEO at RMPP
Richard Law-Deeks has been appointed as Chief Executive Officer of the Royal Mail Pension Plan (RMPP); he takes up the role with immediate effect. With more than a decade of experience working in the pensions market, in both the public and private sector, Richard has led the RMPP as interim CEO since February 2018. Prior […]
