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...

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

More on Defined Contribution

Industry not in favour of targeting productive investments from DC funds

Industry not in favour of targeting productive investments from DC funds

PP poll finds 52% say Reeves should not use Budget to target DC productive investments

Martin Richmond
clock 02 October 2024 • 2 min read
DC Future Book highlights incoming challenges for industry and members

DC Future Book highlights incoming challenges for industry and members

Tenth edition of DC Future Book shows more workers ineligible for AE than those currently enrolled

Martin Richmond
clock 26 September 2024 • 4 min read
Decumulation complexities may require ongoing support from schemes, industry says

Decumulation complexities may require ongoing support from schemes, industry says

Hymans Robertson webinar says DC savers will be navigating a ‘complicated’ market

Martin Richmond
clock 26 September 2024 • 3 min read
Trustpilot