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...

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

Standard Life extends Sharia proposition with lifestyle strategy launch

Standard Life extends Sharia proposition with lifestyle strategy launch

Move comes in partnership with HSBC Asset Management and Franklin Templeton

Jonathan Stapleton
clock 18 May 2026 • 3 min read
BlackRock launches LTAF to broaden DC access to private markets

BlackRock launches LTAF to broaden DC access to private markets

LTAF seeded by two UK DC schemes with BlackRock scheme allocating 20% to the fund

Jonathan Stapleton
clock 18 May 2026 • 1 min read
Industry voices concern about concentration of power in DC market

Industry voices concern about concentration of power in DC market

PP survey finds 56% of respondents concur with findings of LCP report

Martin Richmond
clock 15 May 2026 • 2 min read
Trustpilot