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One step closer

The Pension Schemes Bill has been introduced in the House of Lords

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The Pension Schemes Bill, which includes legislation to allow the introduction of a Collective Defined Contribution (CDC) pension scheme, has been introduced in the House of Lords.

If the Bill is passed, this will enable CDC pension schemes under UK law for the first time. Royal Mail and CWU have worked together to lobby Government to introduce this legislation.

The Bill puts us one step closer towards making CDC a reality for Royal Mail and its people. We will continue to work closely with CWU on this important issue.

There are a number of steps that still need to take place before CDC pensions are allowed under UK law. We will keep you up to date on progress.