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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Partner Insight: The missing allocation - the case for UK infrastructure in DC default funds

Partner Insight: The missing allocation - the case for UK infrastructure in DC default funds

Alistair Ray, Chief Investment Officer, Dalmore Capital
clock 20 October 2026 • 1 min read
Partner Insight: Why active investing is becoming more outcome-oriented

Partner Insight: Why active investing is becoming more outcome-oriented

As pension schemes and institutional investors face increasingly complex objectives, active investing is evolving beyond security selection towards more purposeful portfolio design and implementation.

Samantha Ricciardi, Head of EMEA, Fidelity International
clock 19 October 2026 • 5 min read
Partner Insight: Should pension education become as routine as health and safety training?

Partner Insight: Should pension education become as routine as health and safety training?

L&G's Building Future You workplace pilot explores whether retirement adequacy can be supported by treating pension education as a workplace responsibility.

L&G
clock 19 October 2026 • 4 min read
Trustpilot