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Royal Mail: Pensions

Volume 476: debated on Tuesday 20 May 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what the value of the investment fund established to support the Royal Mail Pension Plan was at the end of 2007-08. (205502)

[holding answer 13 May 2008]: Royal Mail's preliminary results published on 8 May indicate that the value of the escrow account put in place to support the pension fund is £1.07 billion.