Royal Mail Collective Pension Plan (‘the Collective Plan”) – Election of Member Nominated Directors (MND)

Royal Mail Collective Pension Plan (‘the Collective Plan”) – Election of Member Nominated Directors (MND)

Branches are aware that the new Collective Plan is managed by a Trustee Company called the RMCPP Trustees Limited.   The Trustee Company’s Board is legally responsible for running the Member Nominated Director (MND) election process.  The Trustee Board consists of 9 Directors comprising:

  • 4 MNDs of which 3 are filled by CWU represented grades and 1 by Unite CMA represented grades
  • 4 Employer Nominated Directors (ENDs), appointed by Royal Mail Group Ltd.
  • 1 Additional Director appointed by Royal Mail Group with the agreement of the unions.

The Collective Plan launched on 7th October 2024 and the Trustee Board is looking for MNDs to be elected for the 3 CWU posts by 31st March 2025.  The term of office is 5 years.  The union is therefore seeking nominations to fill the 3 CWU MND vacancies.  Nominations for these positions can be from any individual who is a current member of the Collective Plan and employed in a CWU represented grade, irrespective of Union membership, or a deferred member of a former Royal Mail pension scheme who is currently employed by the CWU.

Whilst these 3 posts are technically vacant, Branches will no doubt wish to acknowledge that Alan Tate, Postal Executive member, and Kevin Carey, Area Delivery Rep, have, with the agreement of the Postal Executive, undertaken the MND roles on an interim basis during the period of scheme development and leading up to the launch of the Collective Plan.  Both Alan and Kevin have indicated, not least due to the knowledge and experience they have gained, that they wish to continue in these roles.  Therefore, they will be submitting nominations.

Trustee Directors play a vital role in supporting the members of the Collective Plan.  This position requires a reasonable time commitment, including preparing for and attending meetings, as well as participating in regular training.  Although Trustee Directors are not paid, reasonable travel expenses are reimbursed, and training for the role is funded by the Collective Plan.  Trustee Directors are also given time off work to undertake the role.

Although no prior pensions knowledge is required, to undertake the role, all Trustee Directors must acquire and maintain a basic understanding of pensions and how their scheme operates.  To do this, all nominees will need to complete The Pensions Regulator’s online Trustee Toolkit before the MND ballot.  The series of online tutorials provides a comprehensive understanding of a Trustee Director’s role and responsibilities.  You can access the toolkit at:

https://trusteetoolkit.thepensionsregulator.gov.uk/

For the first MND election, the term of office for each vacancy will be staggered to ensure continuity of knowledge and skills on the Trustee Board.  Further information on the MND election process is available in the attached leaflet – ‘Could you be a Member Nominated Director?’  Also attached is a leaflet on ‘Trustee Role and responsibilities’.

Anyone interested in standing in the MND election for one of the 3 CWU roles should contact the Senior Deputy General Secretary’s Department at CWU HQ to request a nomination pack.  The pack includes:

  • An application form, where you are required to provide a personal statement (maximum 200 words) outlining why you are suitable to act as an MND.
  • Guidance Notes on the MND process.

The closing date to submit your application is Friday 31st January 2025.  After the closing date, candidates may be invited to attend a panel interview which would be for familiarisation purposes.  This will give candidates the opportunity to discuss who they are, why they are interested in the MND role, and the skills they can bring to the Trustee Board and will help candidates to confirm that they do wish to stand in the election.

All Collective Plan active members who are employed in a CWU represented grade will receive a ballot paper to vote for their 3 preferred CWU candidate(s).  As the Collective Plan only opened to active members on 7th October 2024, there are currently no pensioners and deferred members eligible to vote in the ballot.

The 3 successful candidate(s) will be determined by a simple majority (i.e., the candidate(s) with the highest number of votes will be elected as the 3 MNDs).  After the ballot results have been counted, candidates will be notified of whether they have been successful or not.

Any enquiries regarding this LTB should be addressed to afurey@cwu.org.

Yours sincerely,

Martin Walsh    

Deputy General Secretary (Postal)    

Andy Furey

Assistant Secretary

LTB 004/25 – RMCPP Election of Member Nominated Directors

LTB 004/25 – Att 1 – Could you be a Member Nominated Director

LTB 004/25 – Att 2 – MND Role and Responsibilities

Leave a comment

Create a website or blog at WordPress.com

Up ↑