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bingobob777

Post Office Pension Scheme

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Privatise it? :lol::lol:http://news.bbc.co.uk/1/hi/business/10133154.stmThe deficit in the Royal Mail pension fund has hit £8bn, according to calculations in the company's latest annual accounts.The figures, by the company's own accountants, are a snapshot of the fund's position.However a full three-yearly valuation of the scheme, due to be published in the next two months, is expected to reveal an even bigger deficit.Sources at Royal Mail suggest it could be as much as £10bn.This could lead to even more money being drained from the business to support the scheme as the company has a legal obligation to make up any deficit, typically over a period of 10 to 20 years.

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Privatise it? :lol::lol:http://news.bbc.co.uk/1/hi/business/10133154.stmThe deficit in the Royal Mail pension fund has hit £8bn, according to calculations in the company's latest annual accounts.The figures, by the company's own accountants, are a snapshot of the fund's position.However a full three-yearly valuation of the scheme, due to be published in the next two months, is expected to reveal an even bigger deficit.Sources at Royal Mail suggest it could be as much as £10bn.This could lead to even more money being drained from the business to support the scheme as the company has a legal obligation to make up any deficit, typically over a period of 10 to 20 years.

Like many pension schemes in the 1980's and 1990's Royal Mail paid nothing into their scheme for many years instead excess profits were creamed off by the government . Now there is a deficit, the goverment want private investors to pick up the tab.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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