Friday 6 January 2017 / 12:12 PM 2017 Press Archive / The Latest from Labour

Debbie Abrahams comments on negotiations over Royal Mail’s pension plans

Debbie Abrahams
MP, Shadow Work and Pensions Secretary,
commented on negotiations over Royal
Mail’s pension plans, said:

“It
is deeply concerning to see that the recently privatised Royal Mail is looking
to downgrade the pension saving provision of new members, despite the pension
fund being in surplus.

“All
aspects of the fund’s performance and its investment strategy should be put
forward for consideration by all sides in a transparent and open manner so that
an agreement can be reached on a constructive way forward.

“All
parties must also bear in mind that the Government’s consultation on the future of
Defined Benefit schemes is imminent, and this should provide an opportunity to
ensure better support for schemes struggling with deficits.

“Early
changes may therefore be premature. We would urge parties to proceed cautiously
and consider the widest array of options before reducing the pension saving
options of future members.”