The industry has welcomed the launch of the Royal Mail Collective Pension Plan (RMCPP), the first collective defined contribution (CDC) pension … Source link
Read More »Industry welcomes the launch of first UK CDC pension scheme
TPR authorises Royal Mail as UK’s first CDC scheme
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 …
Read More »CDC schemes set to report on their ‘ongoing viability’
The government’s response to the fourth recommendation of the Work and Pension Committees’ (WPC) 24 design reforms laid down in January – published yesterday (27 April) – addressed the question of whether it would publish a framework for assessing the success of the Royal Mail CDC scheme and other early schemes. …
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