PP Live: Royal Mail on the biggest challenges to CDC

Royal Mail is set to be the first pension provider to use a CDC model

clock • 3 min read
PP Live: Royal Mail on the biggest challenges to CDC

The capacity for savers to fully grasp the impact of the changes to their defined benefit (DB) pension scheme is the biggest challenge to Royal Mail’s planned collective defined contribution (CDC) model implementation.

Speaking at Professional Pensions Life earlier this week, head of corporate pensions Angela Gough said the key risk was around member understanding of the CDC arrangement. "The risk is that if m...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

 University of Cornell

Younger USS staff to lose up to £200,000 in retirement

University and College Union cites ‘damning evidence’ published this week

Hope William-Smith
clock 17 June 2022 • 2 min read
 Jo Grady

USS called on to reconsider benefits amid deficit shrink

USS chief executive this week confirmed the scheme’s £14bn deficit has shrunk to £1.6bn

Hope William-Smith
clock 01 June 2022 • 1 min read
Sam Dalling

Stronger (nudge) than yesterday

Sam Dalling on why schemes containing DC benefits will need to be stronger than before

Sam Dalling
clock 01 June 2022 • 4 min read
Trustpilot