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

TPR launches phased communications programme for DC schemes

TPR launches phased communications programme for DC schemes

Programme will ensure DC plans are ready for the higher Pension Schemes Act standards

Holly Roach
clock 25 June 2026 • 2 min read
Partner Insight: From policy ambition to practical capital - the value of listed infrastructure investment companies

Partner Insight: From policy ambition to practical capital - the value of listed infrastructure investment companies

Minesh Shah, Managing Director, The Renewables Infrastructure Group
clock 19 June 2026 • 5 min read
VfM will be 'core' driver of better member outcomes, TPR says

VfM will be 'core' driver of better member outcomes, TPR says

Regulator says trustees cannot afford to stand still amid push towards consolidation in DC

Martin Richmond
clock 18 June 2026 • 2 min read
Trustpilot