Email: enquiries@rmsps.co.uk Telephone: 0333 222 0078 Address: Royal Mail Statutory Pension Scheme PO Box 551 Darlington DL1 9TX United Kingdom Necessary cookies are absolutely essential for the website to function properly. Watch theHow to find the most important information in your benefit illustrationvideoto find out more. Only individuals who are members of the Royal Mail Statutory Pension Scheme can access the portal. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Watch the videoHow yourRoyal Mail pensionworkswhich explains this in more detail. A spokesman for The Pensions Regulator said: We take IT security and the risk of cyber attacks extremely seriously. We also use third-party cookies that help us analyze and understand how you use this website. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Such as managing your pension. Pensions: For Teachers' Pensions: visit www.teacherspensions.co.uk, log in to My Pension Online or call 0345 606 6166. Capita's systems administer the pensions of more than four million savers on behalf of 450 organisations, including the likes of Royal Mail and Axa. You also have the option to opt-out of these cookies. Watch the How to find the most important information in your benefit illustration video to find out more. The privatisation of Royal Mail: what about the pension scheme? If you wish to makea complaint in relation toyour pension from the Royal Mail Pension Plan, there is anInternal Dispute Resolution Procedure (IDRP). Useful Contacts - Royal Mail Pension As one of the largest third-party administrators in the UK, we take care of all the time-consuming administrative load, so organisations are free to focus on what they do best. The cookies is used to store the user consent for the cookies in the category "Necessary". Specifically, its mission is to pay all of the benefits as they fall due under the RMPP, in accordance with the Trust Deed and Rules.. Video, On board the worlds last surviving turntable ferry, 'Eight fox cubs are having a party in my garden' Video, 'Eight fox cubs are having a party in my garden', An inside look at the housing crisis. If you are a member of any other pension scheme or have a query regarding a specific scheme, you can find out more information here. It has a board ofTrustee Directors, who all act in the same way as individual trustees would. These cookies ensure basic functionalities and security features of the website, anonymously. It said that only a small number of its computer servers were . Pensions: Rmsps - Members' Website Administered by Capita We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The sub-committees each cover a different area: administration, audit, risk & finance, discretions, internal disputes resolution, funding and investment. But just weeks later, Capita was forced to admit that an unknown amount of data was in fact taken after information held on behalf of some customers began to circulate online, including passport images, home addresses and even building floor plans. If you dont know which section youre in, contact the Helpline (contact details are at the bottom of the page); or If you recieve an Annual Benefit Illustration the section is noted on the front page. Date of experience: 20 April 2023 Useful AS Asif 4 reviews GB 11 Apr 2023 It does not store any personal data. Liaise with Royal Mail and Associated Employers, Carry out effective internal communications. PDF Non-Executive Chair Royal Mail Statutory Pension Scheme Governance The pensions watchdog said on Sunday that it had written to the hundreds of pension funds that employ Capita to administer their payment systems. The letter, which was first reported by The Sunday Times, also reminded trustees of their responsibilities to safeguard the data of their members. For all other plan numbers call: 0370 333 1500. Home | Royal Mail Statutory Pension Scheme The Trusteesresponsibilties include; monitoring the financial strength of Royal Mail Group (and hence its ability to pay pension contributions), investing contributions, and keeping members informed. This cookie is set by GDPR Cookie Consent plugin. This report provides key information on the Royal Mail Statutory Pension Scheme ("RMSPS") ("the Scheme") including ongoing developments and other information for members. The company has not provided any detail about the kind of information that may have been taken but insists that only a small proportion of its computer servers were compromised. One position is currently vacant. These cookies ensure basic functionalities and security features of the website, anonymously. On Sunday, The Pensions Regulator confirmed it had written to schemes that use Capita to establish whether they were in touch with the company and had been seeking assurances. Organisations now realise that putting the full responsibility of running a pension scheme in-house is a risk. Sign up | Home | Royal Mail Statutory Pension Scheme 'Eight fox cubs are having a party in my garden' Video'Eight fox cubs are having a party in my garden'. Phil Browne joined Royal Mail in 1980 and is a member of the National and Postal Executive for the Communication Workers Union (CWU), a position he has held since 1995, prior to which he held various CWU posts since 1985. In the past, the Trustee has managed these investments in-house, through a small team headed by. We may record or monitor calls for training and quality purposes. Our efficient, robust pensions administration services take the hassle away from running your pension scheme, allowing you to focus on your core business in a complex and ever-changing legislative and regulatory landscape. The cookies is used to store the user consent for the cookies in the category "Necessary". Find out more, HSBC gets 1.2bn boost from Silicon Valley Bank rescue - latest updates, Britains hotels are full buy shares in this stock for a piece of the action, Macrons France is trapped in a debt spiral it cannot escape, Vauxhall owner sues tyre maker Continental and car parts maker Bosch over cartel claims, Thousands of middle earners face 100pc-plus tax after Hunts stealth tax raid, information held on behalf of some customers began to circulate online, still seeking reassurances from Capita that key national infrastructure had not been compromised. The cookie is used to store the user consent for the cookies in the category "Analytics". How far does Solvency II go in helping insurers deliver an effective ERM framework? Service to individuals | Capita If a trustee establishes that their scheme has suffered a data loss, they have a duty to notify The Pension Regulator, other authorities and impacted individuals.. But opting out of some of these cookies may affect your browsing experience. He joined Royal Mail in 1974 and has held a variety of CWU posts since 1982. He was previously the Policy Advisor dealing with pensions. In a statement, it added that it has also been in regular contact with authorities since the hack and that it will update them on the investigation as it progresses. The Pensions Regulator has asked trustees responsible for funds that use Capita as an administrator to assess whether clients' data is at risk. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The Secret Accountant on Twitter: "No good for an outsourced service Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. 2021 Capita Pension Solutions Ltd. All rights reserved. pensions.helpline@royalmail.com 0345 603 0043 Mon to Fri, 8.30am to 5.00pm Pensions Service Centre, PO Box 5863, SHEFFIELD, S98 6AB For questions about RMSPS benefits visit Capita at: royalmailsps.co.uk [emailprotected]. Expectations of how people save for retirement are changing. It offers both financial assistance and practical support. the pension youve built up to 31 March 2008. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. These cookies track visitors across websites and collect information to provide customized ads. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The Trustee Directors each complete an annual self-assessment questionnaire. Your Cash Balance benefit:thelump sum youve earned on or after 1 April 2018. These cookies will be stored in your browser only with your consent. Good pensions management is a balance of achieving operational efficiency whilst meeting exacting standards of governance and evolving legislation and we help our customers navigate these changes smoothly. The Plan is divided into different sections depending on when you started working with us. The RMPP has a wide range of investments, or assets, which are managed to support the retirement benefits of our members. Every day our 50,000 colleagues help millions of people, by delivering innovative, digitally enabled solutions to transform and simplify the connections between government and citizens, businesses and customers. Read about our approach to external linking. This website uses cookies to improve your experience while you navigate through the website. These cookies track visitors across websites and collect information to provide customized ads. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. This cookie is set by GDPR Cookie Consent plugin. Necessary cookies are absolutely essential for the website to function properly. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Hundreds of pension funds have been asked to check whether data was stolen by cybercriminals during a major hack of the UK's largest outsourcer. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Every day our 50,000 colleagues help millions of people, by delivering innovative, digitally enabled solutions to transform and . Royal Mail Pensions Trustees Limited,2nd Floor, 11 Ironmonger Lane,London EC2V 8EY. Kenya recorded 32.8 million ransomware attacks in the first half of 2022. The Trustee Executive is not able to answergeneralenquiries about your own benefitsbut they can answer questions about themanagement ofthe RMPP,fundingandinvestment strategy. He is a Barrister and Chartered Secretary and joined Law Debenture in 2001. Read about our approach to external linking. Alongside pension schemes, other clients include the NHS, the Ministry of Defence and the BBC, for which Capita collects the licence fee. This cookie is set by GDPR Cookie Consent plugin. Your pension scheme must offer that option (not all do). The cookie is used to store the user consent for the cookies in the category "Performance". Hundreds of pension schemes have been ordered to check whether their data was stolen by cyber criminals during a major hack of Britains biggest outsourcer. This cookie is set by GDPR Cookie Consent plugin. This is to make sure that benefits are delivered properly, and that the plan works in the best interest of ALL members, in accordance with the Trust Deed and Rules. The cookie is used to store the user consent for the cookies in the category "Other. Matthewis a Finance Director in Royal Mail Group. The notional value of your Royal Mail pension and (.. and this is the cruncher.) Lionel Sampson is the Senior Policy Advisor to the Deputy General Secretary, Postal Department, of the CWU. Every day our 50,000 colleagues help millions of people, by delivering innovative, digitally enabled solutions to transform and simplify the . Capita's systems administer pensions of more than four million savers on behalf of 450 organisations, including Royal Mail and Axa. On board the worlds last surviving turntable ferry. Capita is also one of the government's biggest suppliers - it provides IT services among its businesses, which include running the London congestion charging zone, collecting the BBC licence fee and overseeing training for the Royal Navy. This cookie is set by GDPR Cookie Consent plugin. The Plan is divided into different sections depending on when you joined the Plan. You can find the application forms and more information inthe Media Centre under Forms, Other forms. TheRowland Hill Fundsupports current and former employees of Royal Mail Group in times of need. Copyright Royal Mail Pensions Trustees Limited 2020 | Privacy & cookie policy |Terms & conditions. It means setting out clear, effective policies and making sure that theyre implemented properly. Capita: Watchdog warns pension funds over data after hack - Yahoo Sports London-listed Capita disclosed earlier this month that hackers might have accessed customer data following a cyber attack on its servers in March. Many in-house pension teams are severely stretched with even their day-to-day activities, such as pensioner payroll where theres no margin for error, which means that any new pressures can seriously test even the best resourced teams. Welcome to the pensioner member section. Allowing them to focus on their core business without the distraction of running a pension scheme. But opting out of some of these cookies may affect your browsing experience. The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. Visit your Section of the Plan for moreinformation about your benefits; Scroll down to find out more about how the Plan works. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Clickhereto find out more about your Cash Balance benefit. And each one is offered tailored training, depending on the sub-committees they sit on and the result of their self-assessment questionnaires. Mark Ashworth representsand is a director of Law Debenture, which is a professional independent trustee of pension schemes. After the Pensions Act 2004, the Pensions Regulator issued a Code of Practice called Trustee Knowledge and Understanding. The cookie is used to store the user consent for the cookies in the category "Analytics". authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. It has 11 modules covering the knowledge and understanding that trustees need. Joint members are those RMSPS members with benefits built up in . After the hack in March, information apparently containing Capita data began to circulate on the dark web. Our lines are open Monday to Friday 8.30am-5.30pm, Saturday 9.30am-12.30pm, excluding bank holidays. This cookie is set by GDPR Cookie Consent plugin. Its becoming increasingly important for employers to be able to free up these resources so they can spend less time on running their pension scheme, and more time on core activities. For a breakdown of your benefits, take a look at your benefit illustration. The cookies is used to store the user consent for the cookies in the category "Necessary". This sets out some specific areas where trustees need to have a certain level of knowledge. In detail, the Trustee Executive must: In any organisation, good governance helps to get the right results for everyone. Taking the hassle out of pensions administration. Capita's systems administer pensions of more than four million savers on behalf of 450 organisations, including Royal Mail and Axa. Overview This cookie is set by GDPR Cookie Consent plugin. The letter, first reported by the Sunday Times, urged funds to "determine whether there is a risk to their scheme's data" and tried to establish whether they are in touch with the company. We, Yahoo, are part of the Yahoo family of brands. Ensuring they stay fully compliant with the complex legislative and regulatory responsibilities enmeshed in pensions administration. Check out your online pension portal The RMSPS online portal is a service that makes your pension easier to access. 1. The RMSPS is now administered by Capita. Said only a small number of its computer servers were compromised during the cyber-attack. Providing full visibility of costs and fee structures. Capita, which is also a major UK government contractor, provides administration services to about 450 organisations representing 4.5 million savers, including Royal Mail, Axa and PwC. By clicking Accept All, you consent to the use of ALL the cookies. This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Before you register, please make sure that: When you get to the registration page, you'll need to: We'll then email you a PIN number to complete your registration. Capita Royal Mail Statutory Pension Scheme 11b Lingfield Point Darlington Email: enquiries@rmsps.co.uk DL1 1AX Telephone: 0333 222 0078 Finally, the change of Pension Administration is very unfortunate, especially for those members working in this area who are subject to being TUPED to Capita. You are a member of the Royal Mail Statutory Pension Scheme; and You have your National Insurance number to hand. Once you have registered, you can sign in by using the button at the top of the page or byclicking here. This cookie is set by GDPR Cookie Consent plugin. PENSIONS: RMSPS - MEMBERS' WEBSITE ADMINISTERED BY CAPITA Branches are advised that last year we were approached by the Cabinet Office with the aim of raising awareness of the existence of the Royal Mail Statutory Pension Scheme (RMSPS) website and portal administered by Capita. Capita's systems administer the pensions of about 4.5m people on behalf of 450 organisations, including AXA, Royal Mail and PwC, as well as schools. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Russia-linked hackers a threat to UK, says minister, I think they soon may be more intelligent than us, Government on brink of giving NHS staff 5% pay rise, Met Gala 2023: Stars celebrate Karl Lagerfeld, The 17 most eye-catching looks at the Met Gala, 'My wife and six children joined Kenya starvation cult', On board the worlds last surviving turntable ferry. These will be benefits that you built up before 1 April 2012. Itsmanaged by a Trustee company or corporate trustee called Royal Mail Pensions Trustees Ltd. You and your employer pay into the Plan. If youre an active member of the Plan, well show you what these are worth in your benefit illustration each year. He was elected to the Trustee Board in October 2008 as a Member Nominated Trustee. . Two complex humans brought together by fate A warm-hearted Aussie rom-com about a flawed, funny couple getting it all utterly wrong, Shake off the cobwebs and give your brain a workout with this 19th century test. by-capita/ LTB 095/21 - Pensions: RMSPS - Members' Website Administered by Capita No. You also have the option to opt-out of these cookies. Analytical cookies are used to understand how visitors interact with the website. On Friday 31st March we experienced a cyber incident primarily impacting access to internal Microsoft Office 365 applications. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Benefits earned before 1 April 2012 are in the RMSPS and paid by Capita. The Pensions Regulator wrote to more than 300 pension funds, which include a mix of private-sector defined benefit and defined contribution schemes, according to a person familiar with the matter. Analytical cookies are used to understand how visitors interact with the website. Contact us | Capita Savers try to recover pension millions invested in storage units Watchdog warns pension funds over data after hack. You also have the option to opt-out of these cookies. Royal Mail Engaged Employer Overview 3.6K Reviews 105 Jobs 3.4K Salaries 439 Interviews 399 Benefits 22 Photos + Add a Review Royal Mail Employee Reviews about "pension scheme" Updated 17 Aug 2021 Find Reviews Clear All Full-time, Part-time English Filter Found 22 of over 4K reviews Sort Popular Popular Highest Rating Lowest Rating Most Recent ROYAL MAIL: PENSIONS SERVICE CENTRE - TRANSFER OF WORK TO CAPITA - UPDATE In October 2017 the Cabinet Office announced it had awarded the contract for the administration of the Royal Mail Statutory Pension Scheme (RMSPS) to Capita. Video, The past always catches up with you Video, AI chatbots 'may soon be more intelligent than us', Photo of Princess Charlotte shared as she turns 8, 'NHS leaders despair' and 'civil service crisis', King won't be changed by new role, says Anne, Food prices jump despite drop in wholesale costs, Russia troop deaths hit 20,000 in five months - US. The cookie is used to store the user consent for the cookies in the category "Other. Its based on the number of years and days you worked up to then, and your current pensionable pay. to-day administration is carried out by Capita Pension Solutions Ltd (formerly Capita Employee Benefits Ltd), under a contract managed by the Cabinet Office. The Plan uses Sustainalytics as an Environmental Social and Governance (ESG) engagement specialist. London-listed Capita disclosed earlier this month that hackers might have accessed customer data following a cyber attack on its servers in March. Log in into your portal We want to hear from you! But it said that only a small number of. This was published by the Financial Reporting Council in July 2010;theStatement of Compliancedescribes how the Trustee has applied the principles of the Stewardship Code to the RMPP. Members of the current RMPP investment team will move to BlackRock to continue to deliver the investment strategy, ensuring stability and continuity.