13
July
Pensions experts predict 'horrific news' on funds
13 July 2009 The Telegraph
For Adam Crozier, things could be about to get a lot worse. The chief executive of Royal Mail saw 10,000 of his workers strike last week, but Britain's top postie knows that could be just the beginning.
While postal workers are up in arms about job cuts and working conditions, their anger could soon pale into insignificance under the cloud of a far greater threat. At stake for many of them is their future financial security. The postal giant is considering whether to close the company's retirement scheme to existing members, forcing them to join a new pension pot with less lucrative benefits.
