Tag: DB closure

Royal Mail Launches Consultation on DB Closure

The plan, which was first announced in August last year, could affect around 90,000 employees. The scheme reported a surplus of £1.77bn on an IAS 19 accounting basis as of 31 March 2016, with assets of £7.44bn and liabilities of £5.67bn. However, costs of running the scheme are expected to more than double in 2018, […]