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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Aon DC tracker shows drop in Q3 retirement outcomes

Aon DC tracker shows drop in Q3 retirement outcomes

Tracker fell from 65.2 to 64.6 due to drop in expected investment returns

Holly Roach
clock 12 December 2024 • 1 min read
L&G launches inaugural endgame report

L&G launches inaugural endgame report

LGRI and LGIM divisions jointly launch report on DB endgame insights

Jasmine Urquhart
clock 11 December 2024 • 2 min read
Why we can't let the government dictate how we invest our pensions

Why we can't let the government dictate how we invest our pensions

Prioritising investments in illiquid assets risks leaving savers with poorer outcomes

Romi Savova
clock 06 December 2024 • 3 min read
Trustpilot