Industry welcomes the launch of first UK CDC pension scheme

Royal Mail CDC scheme hailed as ‘important milestone’ for UK pensions landscape

Martin Richmond
clock • 4 min read
Industry welcomes the launch of first UK CDC pension scheme

The industry has welcomed the launch of the Royal Mail Collective Pension Plan (RMCPP), the first collective defined contribution (CDC) pension scheme in the UK.

The RMCPP, which was launched today (7 October), will pool members' contributions to provide them with an automatic income for life and a cash lump sum in retirement. Employees with at least one ye...

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