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Cash balance fund increase April 2024

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
July 1981
Posts: 53
Joined: 30 May 2022, 16:51
Gender: Male

Cash balance fund increase April 2024

Post by July 1981 »

I am meeting a financial advisor next week with a view to transferring out my Cash balance fund later in the year, does anyone know the percentage increase received in April 2024?
RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Cash balance fund increase April 2024

Post by RobertT »

It was 6.7%.
As with all other increases, it applies to the previous years balance.
Links to all RM pension related websites are here
July 1981
Posts: 53
Joined: 30 May 2022, 16:51
Gender: Male

Re: Cash balance fund increase April 2024

Post by July 1981 »

RobertT wrote:
06 Jul 2024, 10:06
It was 6.7%.
As with all other increases, it applies to the previous years balance.
Many thanks Robert 👍🏻