Royal Mail: Pensions

Business, Enterprise and Regulatory Reform written question – answered on 20th May 2008.

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Photo of Charles Hendry Charles Hendry Shadow Minister (Business, Enterprise and Regulatory Reform)

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what the value of the investment fund established to support the Royal Mail Pension Plan was at the end of 2007-08.

Photo of Pat McFadden Pat McFadden Minister of State (Department for Business, Enterprise and Regulatory Reform) (Employment Relations and Postal Affairs), Member, Labour Party National Executive Committee

holding answer 13 May 2008

Royal Mail's preliminary results published on 8 May indicate that the value of the escrow account put in place to support the pension fund is £1.07 billion.

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