The Trustee of the Royal Mail Pension Plan (RMPP) acknowledges the Government’s legally binding agreement with EP Group regarding its takeover bid for IDS.
Our primary focus is the protection of RMPP’s 123,000 members and the Trustee is pleased that it has reached agreement with EP Group to preserve the current governance structure of the Plan for a period of five years, subject to remaining required approvals being completed.
This undertaking gives the Trustee and members confidence that the necessary expertise and independence will remain on the Trustee board. This in turn provides the necessary stability for the Trustee to continue to look after members’ interests going forward.
The Trustee looks forward to continuing to engage with IDS and EP Group, should the takeover complete, and working to maintain the current healthy funding position of the Plan and to safeguard its future stability.
Please be assured that there is no change to your benefits and there is no action that you need to take.
