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

How we won the PP Investment Awards 2024... Arcmont Asset Management

How we won the PP Investment Awards 2024... Arcmont Asset Management

Arcmont won the accolade for DC Investment Innovation of the Year

Professional Pensions
clock 22 January 2025 • 3 min read
L&G Master Trust hits £30bn in assets under management

L&G Master Trust hits £30bn in assets under management

Scheme says it is the first commercial master trust in the UK to reach the milestone

Jasmine Urquhart
clock 21 January 2025 • 1 min read
An alternative to lifestyling in defined contribution

An alternative to lifestyling in defined contribution

Is too much derisking a bad thing?

Jonathan Stapleton
clock 20 January 2025 • 17 min read
Trustpilot