Royal Mail 'on cusp of something special' with CDC plans

James Phillips
clock • 2 min read

The Communication Workers Union (CWU) and Royal Mail Group are very close to securing an agreement on a collective defined contribution (CDC) plan for all members.

The CWU was reporting on ongoing negotiations relating to the company's plans to shut the defined benefit (DB) Royal Mail Pension Plan (RMPP) to future accrual - as well as other issues such as pay...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

Average time to buyout falls to 4.6 years, Barnett Waddingham finds

Average time to buyout falls to 4.6 years, Barnett Waddingham finds

Barnett Waddingham End Gauge Index measures aggregate surplus at £63bn

Jasmine Urquhart
clock 22 January 2025 • 1 min read
Average DB transfer complainant to receive no compensation

Average DB transfer complainant to receive no compensation

Broadstone’s DB Redress Tracker shows typical redress compensation continues to fall

Jasmine Urquhart
clock 09 January 2025 • 1 min read
Tender Watch: SYPA appoints Northern Trust as custodian

Tender Watch: SYPA appoints Northern Trust as custodian

LGPS pool appoints Northern Trust as custodian for South Yorkshire Pension Fund

Professional Pensions
clock 09 January 2025 • 1 min read
Trustpilot