Author: Mark Stansfield

As of 7 October, the Royal Mail Collective Pension Plan will launch for Royal Mail employees with over a year’s service. It’s an achievement for all involved and is the first time in decades a new style of pension scheme has been launched in the UK. Embracing collective funding and members all sharing in the gains and losses of investment markets, CDC schemes borrow from both traditional DB and DC schemes. This includes an annual pension and lump sum entitlement on retirement from DB, but members bear the investment risk on their benefits from DC. If DB and DC schemes are on…