Tag Archives: CDC

Pensions Minister, Emma Reynolds, has said the government intends to present regulations to extend collective defined contribution (CDC) provision beyond single or connected schemes to parliament “as soon as [they] are able to”. Earlier this month, a consultation was launched by the Department for Work and Pensions on legislation to …

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The Royal Mail Collective Pension Plan (RMCPP) has appointed WTW as scheme actuary and BlackRock as its investment manager. The appointments were confirmed following the launch of the scheme yesterday (7 October). Barnett Waddingham advised the CDC scheme during the outsourced chief investment officer (OCIO) process, with Barnett Waddingham partner …

Advisers for the Royal Mail Collective Pension Plan (RMCPP) have been announced, with WTW appointed as scheme actuary. Source link

The first single-employer collective defined contribution (CDC) pension scheme is authorised and ready to launch in 2024 for the Royal Mail. Next steps are likely to include expansion into the multi-employer market as a competitor to individual defined contribution schemes; to provide a pension scheme that delivers an income in …

CWU deputy general secretary postal Martin Walsh added: "This news is welcomed. The new Collective Pension Plan will allow all Royal Mail members to … Source link

The authorisation of the UK’s first collective defined contribution (CDC) has been highlighted as a “landmark moment” for UK pensions, with industry experts suggesting that this could be “just the beginning”. The Pensions Regulator (TPR) confirmed yesterday (13 April) that the Royal Mail Collective Pension Plan (RMCPP) successfully passed TPR’s …

The authorisation of the Royal Mail Collective Pension Plan (RMCPP) is the first in the UK, following TPR’s Pension Schemes Act 2021, which introduced an authorisation and supervision regime for CDC schemes. CDC schemes must meet stringent criteria including fitness and propriety requirements for those running the scheme, having the …

The Pensions Regulator (TPR) has assessed and authorised the UK’s first collective defined contribution (CDC) pension scheme, the Royal Mail Collective Pension Plan (RMCPP). TPR highlighted the “milestone” as demonstration of how the regulator is pursuing its strategy to embrace innovation to help meet pension savers’ needs. Commenting on the …

The schemes allow savers to pool money into a single fund which pays an annual income. The first company expected to open a CDC scheme is Royal Mail, … Source link