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Can we acquire Royal Mail

Pay talks 2022 discussion, news, LTB's RMCtv and all BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT chat

Should we acquire RM through our pension pot and take control?

YES
124
46%
NO
146
54%
 
Total votes: 270

postieblueshirt
Posts: 1241
Joined: 01 Oct 2019, 22:05
Gender: Male

Re: Can we acquire Royal Mail

Post by postieblueshirt »

If we were having this discussion in an amazon forum I'd be all over it but this is royal mail I'd want a safer place for my measly pension.
DirtyHarry
Posts: 5051
Joined: 13 May 2007, 23:16
Gender: Male
Location: London

Re: Can we acquire Royal Mail

Post by DirtyHarry »

I think we know as much about running a business, as Thompson does.

So, it's a NO from me.
zhk
Posts: 21
Joined: 11 Nov 2011, 08:33
Gender: Male

Re: Can we acquire Royal Mail

Post by zhk »

We all know what happened to BHS pension fund. Self administrred pension fund always depends on company"s performance. Already on last balance sheet there is a deficit in cash balance scheme. Pension with Scottish Widows should be alright.
RobertT
EX ROYAL MAIL
Posts: 6687
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Can we acquire Royal Mail

Post by RobertT »

The RM report and accounts say there is no need for any extra cash injection into the DBCBS. That's because it's a long term thing that needs time to grow – there doesn't have to be enough in the pot to pay everyone's lump sum, all the time!

Considering the pension with Scottish Widows is a Defined Contribution scheme and therefore it's impossible to have a deficit, I can safely say it will be alright.
Although the performance of the investments will obviously impact the individual members.
Links to all RM pension related websites are here