And each one is offered tailored training, depending on the sub-committees they sit on and the result of their self-assessment questionnaires. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. The notional value of your Royal Mail pension and (.. and this is the cruncher.) Joint members are those RMSPS members with benefits built up in . How to find the most important information in your benefit illustration. 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 If you have a question about your RMSPS pension, you can take a look at our FAQs page or contact Capita using the details below. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. You can find an independent financialadviser through theMoney Advice Service website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Understanding your pension - Royal Mail Pension Necessary cookies are absolutely essential for the website to function properly. 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. 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. The companys response to the cyber attack has previously been criticised as slow by experts, who questioned why it took so long for bosses to admit the business had been hacked given that it appeared to have been a victim of overt ransomware. By clicking Accept All, you consent to the use of ALL the cookies. The RMPP has a wide range of investments, or assets, which are managed to support the retirement benefits of our members. Monitoring the employer covenant this means looking at the financial stability of Royal Mail Group and Post Office Ltd, and understanding how any changes could affect the RMPP, Negotiating with Royal Mail Group and Post Office Ltd about RMPP funding requirements, Monitoring and managing the RMPPs service providers this includes the administrator and professional advisers, Regularly reviewing investment performance and investment strategy. By clicking Accept All, you consent to the use of ALL the cookies. A spokesman for The Pensions Regulator said: We take IT security and the risk of cyber attacks extremely seriously. For a breakdown of your benefits, take a look at your benefit illustration. 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. 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. Capita is a leading provider of business process services, driven by data, technology and people. Hackers access Capita customer data in cyber attack The Trustee Executive is a full-time team of 14 people. The RMSPS is now administered by Capita. Read about our approach to external linking. Kenya recorded 32.8 million ransomware attacks in the first half of 2022. It does not store any personal data. Royal Mail Pension Plan - from April 2012 to the date you leave or . The Trustee Executive isnt just a link between the Trustee Board and its external advisers. It has 11 modules covering the knowledge and understanding that trustees need. Royal Mail Statutory Pension Scheme (RMSPS) - Newsletter and annual statement for all benefits built up before 1 st April 2012 (the date of the privatisation of Royal Mail, at which point the Government took over the scheme). Providing full visibility of costs and fee structures. The cookie is used to store the user consent for the cookies in the category "Other. Pensions: For Teachers' Pensions: visit www.teacherspensions.co.uk, log in to My Pension Online or call 0345 606 6166. Our lines are open Monday to Friday 8.30am-5.30pm, excluding bank holidays. Capita wins admin contract for 47bn Royal Mail scheme 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. For instance, it includes units on: The Pensions Regulatorhas an e-learning programme known as the Trustee Toolkit. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Four groups bid for the business, with Capita now set to take over full responsibility for administration and related . He is also a member of the Employment Tribunals. We also use third-party cookies that help us analyze and understand how you use this website. British teachers' pensions set to be released from Capita's grasp after This cookie is set by GDPR Cookie Consent plugin. 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. The Trustee has several responsibilities. If Royal Mail Group or Post Office Ltd propose any changes to the plan, the Trustee must consider them carefully. However, you may visit "Cookie Settings" to provide a controlled consent. The Royal Mail Statutory pension scheme (RMSPS) is responsible for the pension benefits of Royal Mail Group and Post Office Limited members that were built up to 31 March 2012. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Please review our, You need to be a subscriber to join the conversation. In light of the cyber incident directed at Capita, we have asked trustees of schemes which employ Capita as their administrator to speak with the company to understand more about the situation and to help determine whether there is a risk to their schemes data. 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. Post Office Section of Royal Mail Pension Plan (Rmpp) and Royal Mail