Royal Mail launches UK's first CDC pension scheme

Scheme will provide over 100,000 employees with an income for life and a cash lump sum in retirement

Martin Richmond
clock • 2 min read
Royal Mail launches UK's first CDC pension scheme

Royal Mail has today (7 October) launched the Royal Mail Collective Pension Plan (RMCPP), the first collective defined contribution (CDC) pension scheme in the UK.

The scheme, which was authorised by The Pensions Regulator (TPR) last year, launches after the Pension Schemes Act 2021 introduced an authorisation and supervision regime for CDC schemes and contai...

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Martin Richmond
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