EP Corporate Group submits possible cash offer to International Distribution Services (IDS) Plc
The Trustee has noted the public statement made by EP Corporate Group in relation to its non-binding indicative proposal to the Board of IDS for a possible cash offer. We continue to actively monitor the situation to ensure that members’ interests are protected.
Pensioner Payslips – A new look
From time to time we send you a payslip showing the amount of your pension and any deductions (such as tax). We usually only do this if the amount of your pension payment changes by more than £1.00. We have updated the system we use to make pension payments, and this means that in future […]
The Trustee agrees to early release of the RMPP escrow
The Trustee has agreed to a request from Royal Mail Group (RMG) to release some money that has been held separate from the RMPP. The release to RMG of the escrow funds (valued at £196m on 26 March 2023) was agreed after fully assessing the risks of the RMPP and an independent review of the […]
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 […]
RMPP selects BlackRock to manage its assets
Members of the current RMPP investment team will move to BlackRock to continue to deliver the investment strategy, ensuring stability and continuity. The RMPP has a wide range of investments, or assets, which are managed to support the retirement benefits of our members. In the past, the Trustee has managed these investments in-house, through a […]
RMPP remains well funded and benefits are secure
The recent turmoil in UK financial markets impacted defined benefit pension schemes with investment strategies designed to protect against interest and inflation rate movements. The RMPP has taken actions to protect the plan and ensure that your benefits remain secure, and the strong funding level has been maintained. We haven’t needed to request additional funds […]
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 […]
