Tag: UK

PPA and UK Royal Mail reach deal on size-based pricing

Posted by | Nov 23, 2004 | |

Royal Mail chief executive Adam Crozier has announced an agreement between Royal Mail and the PPA on size-based pricing. Speaking at the PPA’s CEO Conference, Crozier said that the two organisations had reached an agreement on the last outstanding issue that had divided the pair. This concerned the tolerance threshold of the surface of a mailing piece of 10mm thickness or above, where if the threshold was exceeded the item would be classed as a packet rather than a large letter, resulting in a substantial increase in costs. The PPA has succeeded in convincing the Royal Mail to increase this threshold from 4mm to 5mm.

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An Post Faces 50m Hit After ‘Cosy Deal’ Grumble

Posted by | Nov 21, 2004 | |

Struggling semi-state firm, An Post, could be facing a devastating 50m hit, following a complaint that the lucrative social welfare payments contract was a “cosy deal” in breach of Government procurement policies.

The British government has added to the pressure on An Post, with a report that pinpointed the contract with the Department of Social Welfare as one example of British companies being discriminated against by other countries when public contracts were being awarded.

Payments firm TNS Ltd lodged two complaints with the EU following the extension of An Post’s contract in 2002. A complaint relating to alleged breaches of procurement policy is expected to be ruled on in the first half of next year, according to Department of Social Welfare sources.

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Royal Mail faces Pounds 800m annual bill for hole in pension fund

Posted by | Nov 19, 2004 | |

Royal Mail faces the prospect of having to pay Pounds 800m a year to fill the hole in its pension fund that was revealed last year, the group announced yesterday. There was a contributions holiday at Royal Mail’s pension fund, the fifth biggest in the UK, from 1990 until 2003, when an actuarial report uncovered a Pounds 2.5bn deficit. The group said yesterday that current contributions of Pounds 310m a year would soon increase to Pounds 450m a year.
The trustees of the fund argue that even more than this should be contributed to clear the deficit within 12 years rather than a planned 40 years, and to reduce the reliance on equities.

The fund’s 80 per cent holdings in shares is too risky, it has said, and more cash should be invested in debt. These changes would push up the cost of covering the deficit, said Royal Mail, to about Pounds 800m a year for the next 12 years.

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UK Mail market share

Posted by | Nov 18, 2004 | |

Stephen Agar (RM) said at the Postcomm Pricing Review meeting on 18th November 2004 that he thought it would be several years before access licence holders achieved a billion items per year, i.e. 5%.

When challenged, he also included in this 5% major customers dealing direct with Royal Mail via access.

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