Pension Schemes Bill

We welcome the announcement of the Pension Schemes Bill, for the second time, in today’s Queen’s Speech. If passed, this Bill will enable Collective Defined Contribution (CDC) pension schemes under UK law, for the first time in the UK.

The Bill also featured in October’s Queen’s Speech and is being reintroduced to Parliament following the recent General Election.

This important milestone brings us one step closer to introducing a CDC pension, which is a key part of the new pension scheme agreed between CWU and Royal Mail.

We have worked closely and jointly with our unions at all levels on this and will continue to do so.

We will keep you updated on the passage of this important legislation. In the meantime, take a look at myroyalmail.com/pensions for more information and frequently asked questions.