Royal Mail Pension Plan

Overview

Successor scheme covering Royal Mail/IDS group pension benefits accrued from April 2012 onward. Distinct from the pre-2012 Royal Mail Statutory Pension Scheme (RMSPS), whose ~£28bn assets and ~£40bn liabilities were transferred to the UK Government on 1 April 2012 -- RMSPS is now a government liability with no independently invested portfolio and was excluded from this dataset as defunct. RMPP uses an outsourced-CIO model with BlackRock; assets were approximately £8.8 billion per BlackRock's OCIO appointment announcement (exact as-of date not stated in source).

Key Facts

Type

Pension Fund