Sentences with phrase «mail pension assets»

pc, excluding the impact of the Royal Mail pension assets.

The complication is the Royal Mail pensions assets, however.

Not exact matches

But the Conservatives claimed the government was planning to «snatch» Royal Mail's pension funds assets and assume its liability, effectively converting the pension scheme from a funded scheme into a pay - as - you - go scheme.

Royal Mail's pension fund has assets of # 21.9 billion and liabilities of # 25.3 billion, giving a net deficit of # 3.4 billion.

While it has received # 28.8 billion of assets from the pension fund, it has also been left with # 37.4 billion of liabilities, which are the pension promises made to Royal Mail's workers.

Royal Mail's pension scheme assets total around # 26 billion.