The 30th is nearly here!

[yellowbelly]

My money is on another 14 day extension, as I can't see RM wanting to announce anything before the PC announces the outcome of it's enquiries, just in case they then decide to call DK & co back to answer further questions, which they might do anyway.

Alistair Cochrane: We have an improvement plan, and I am ready to
publish it. I am waiting till I conclude the negotiations with the CWU. Once
they are concluded, I will publish the plan.

Sarah Edwards: When do you think that will be?

Alistair Cochrane: We have a date to conclude by Monday 30 March. I
hope that we will be in a position to publish it thereafter.

Chair: That takes us to time. Thank you very much indeed for giving
evidence to us in such a full and candid way today. We have absolutely no
ambition to derail the negotiations with the CWU, which sound like they
are at an important stage. What is critical now is that agreement is
secured and the next steps in USO reform are agreed so that the nation
can get its service back.

Mr Křetínský, what concerns me most is that you were unable to give
Parliament that categorical assurance this afternoon that you will get this
service back on its feet. You were able to say that you could get there, but
with some conditions. Perhaps at the appropriate moment in the next
couple of weeks, you could set out for the Committee exactly what those
conditions are. You have set out some pretty big ambitions to reduce the
number of letters that are late today. We welcome that, but we still think
it is too high. We would like to see the pathway to unlocking better service
and dealing with the retention crisis we have heard about this afternoon.
We would like to see strong measures to socialise the agreement within
the business so that it is well understood. We would like a further
exchange on the prioritisation of parcels.

Didn't see that OFCOM were called up afterwards, they got a bit of grief for the OFCOM CEO not being there.

There's transcripts of all three sessions here:

https://committees.parliament.uk/event/26916

Extract from the end of the OFCOM session:

Chair: What does Parliament need to do?

Natalie Black: We very much welcome this scrutiny. It has been very
helpful to see the correspondence between yourselves and the Royal Mail,
but we would encourage you to help us continue to keep its feet to the fire
on seeing this credible improvement plan.

Q127 Chair: How do we do that?

Natalie Black: Hearings like this one have been very helpful. The
negotiations are ongoing. They have not finished yet. We have heard
commitments today from the Royal Mail that it will be very quick with
coming forward with the improvement plan, but please note that I keep
using the word “credible”. It is not just any improvement plan; we want to
see a credible one that is backed up by investment.
Chair: This set of evidence has been extremely helpful. Thank you very
much indeed for being candid and forthright with us this afternoon. That
concludes the panel and the session

All a bit inconclusive TBH. Like you've said, everything's going to wait until the biscuit fest concludes.

[Valentina@1]

What I think many of want to know is what’s happening to the pension surplus,nobody seems to know anything?……apparently it’s over 1.5billion now.

The trustees should divide at least half of up amongst members past and present

[Hyrrokkin]

What I think many of want to know is what’s happening to the pension surplus,nobody seems to know anything?……apparently it’s over 1.5billion now.

The trustees should divide at least half of up amongst members past and present

Do you mean including employees who were never in the old RMPP DB scheme ?

Why should workers who never paid into the scheme get anything !- it is not THEIR pension scheme...complete rubbish.

[qwerty2]

Who gives a damn about USO? All I care about is getting a pay rise!

If they scrap USO you won't get a pay rise you'll get the boot

[Rommagic]

Today.

[Valentina@1]

What I think many of want to know is what’s happening to the pension surplus,nobody seems to know anything?……apparently it’s over 1.5billion now.

The trustees should divide at least half of up amongst members past and present

Do you mean including employees who were never in the old RMPP DB scheme ?

Why should workers who never paid into the scheme get anything !- it is not THEIR pension scheme...complete rubbish.

Obviously the ones that were in scheme including those that have left company.

Anyone have clue what’s going on with this?

[RobertT]

What I think many of want to know is what’s happening to the pension surplus, nobody seems to know anything?……apparently it’s over 1.5billion now.

There's legislation currently going through Parliament that's going to make it much easier than it is at the moment, for pension surpluses to be accessed.

That isn't expected to come into effect until 2027, so realistically nothing is going to happen with the RMPP surplus until then, at the earliest.

For more in depth info, have a read of this: https://riskandcompliance.freshfields.c ... of-surplus
And here: https://www.ukemploymenthub.com/surplus ... -changing/

[Valentina@1]

What I think many of want to know is what’s happening to the pension surplus, nobody seems to know anything?……apparently it’s over 1.5billion now.

There's legislation currently going through Parliament that's going to make it much easier than it is at the moment, for pension surpluses to be accessed.

That isn't expected to come into effect until 2027, so realistically nothing is going to happen with the RMPP surplus until then, at the earliest.

For more in depth info, have a read of this: https://riskandcompliance.freshfields.c ... of-surplus
And here: https://www.ukemploymenthub.com/surplus ... -changing/

That’s good to know,thanks Robert

[tramssirhc]

What I think many of want to know is what’s happening to the pension surplus, nobody seems to know anything?……apparently it’s over 1.5billion now.

There's legislation currently going through Parliament that's going to make it much easier than it is at the moment, for pension surpluses to be accessed.

That isn't expected to come into effect until 2027, so realistically nothing is going to happen with the RMPP surplus until then, at the earliest.

For more in depth info, have a read of this: https://riskandcompliance.freshfields.c ... of-surplus
And here: https://www.ukemploymenthub.com/surplus ... -changing/

The alarm bells of the 90's pensions holidays are ringing very loudly.

[Valentina@1]

How will the surplus be divided up,surely DK can’t get his hands on this,we definitely need more clarity here

[Playmail]

Where's this update who's going to update us first union or company

[hewittinspain]

Can anyone really see them owners shifting towards what the CWU want? They seem to have already dug their heels in with maybe a "slight shift" but that's about it.
No deal will ever be a good deal, the equalisation on pay for new entrants will be a difficult one to pull off even though it makes sense to eventually give them yearly increments over 4-5 years because they simply cannot keep new starters as there is zero initiative for them to stay.

[Valentina@1]

[tansorboy]

Just handed my misdelivered post back to a new starter.
It’s a shambles.

[Wullie10]

Just handed my misdelivered post back to a new starter.
It’s a shambles.

Give them a chance. I was there 30 years plus and still misdelivered. FFS anyone who's says they never made a mistake is a liar.