Fresh concerns have been raised about the new post office-based bank by a consumer watchdog which fears benefit claimants may not be given enough choice about how to cash their cheques. Postwatch, the consumer watchdog, is urging Consignia to consult urgently about the implications for four million benefits claimants.
Read MoreThis document sets out Postcomm’s policy for achieving effective competition within the postal market for items weighing less than 350g and costing less than £1. It concludes a comprehensive consultation process (commenced in September 2000) that led to Postcomm publishing detailed proposals in January 2002. In the light of the responses received to its proposals, Postcomm has made a number of adjustments and reached a final decision. The rationale for the decision and, in particular, the adjustments made to the proposals are the subject of this document.
P:LIBRARYPostalPostComm Formal DocumentsSummary of Postcomms decisions on market opening 5.02.pdf
Reviewing progress by Gregor McGregor, PostWatch
Read MoreConsignia chiefs at the centre of a “fat cat” pay row today caved in to pressure and turned down a 10 per cent rise. Peter Carr, chairman of industry watchdog Postwatch, had earlier said: “It is extremely difficult to justify such pay increases when the service is so poor and the company is losing £1.5 million a day.” After Mr Roberts turned the rise down, Mr Carr said: “This is a sensible decision from an eminently sensible man. There could be no justification for a 10 per cent increase to bosses when workers are offered only two per cent.”
Read MoreRoyal Mail failed to meet any of its delivery targets in the nine months from April to December last year. Postwatch, the consumers’ group, condemned the result, saying that 300 million first-class letters arrived late in this period. Failure to reach all 13 service targets set by the postal regulator could mean fines for Consignia.
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