UK Eyes Summer 2022 For New Royal Mail Pension Scheme

By Martin Croucher (November 9, 2021, 2:13 PM GMT) -- The government has said that Royal Mail will be able to apply from next summer for its retirement savings plan to move to become a new collective defined contribution arrangement, becoming the first of its kind in the U.K.

Guy Opperman, the pensions minister, told MPs on Monday that the deadline for the application will depend on finalized regulations and an approved code of practice being published next spring.

Collective defined contribution, or CDC, schemes are risk-sharing pension plans that are new to the U.K., although they are widely used in Canada and the Netherlands. The government established a legal framework...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!