Royal Mail Defined Contribution Plan
Royal Mail Defined Contribution Plan
Click here to access your RMDCP account.
Click here to access the Plan website.
When the new Royal Mail Collective Pension Plan (the Collective Plan) launched on 7 October 2024, Royal Mail’s auto-enrolment pension plan changed from the Royal Mail Defined Contribution Plan (RMDCP) to the National Employment Savings Trust (NEST).
From 7 October 2024, the RMDCP closed to new entrants and to existing members, other than those who are already in the RMDCP with less than 12 months’ service who will remain in RMDCP until they reach their 12 months’ service.
Contributions you and Royal Mail have paid to the RMDCP will continue to be invested and your RMDCP benefits will be there for you when you retire. You will still be able to access your RMDCP account at the link above.
Questions
For further information, please see the questions and answers here.
You can also call the Pensions Helpline on 0800 092 8263. Lines are open Monday-Friday, 8.30am-5.00pm, not including bank holidays or email royalmailserviceteam@scottishwidows.co.uk.
Background information
The Company’s consultation on the Royal Mail Defined Contribution Plan (RMDCP) ended on 2 May 2014 and the Company made its decision on the changes.
Details of the changes are set out in the Decision letter.
Building up a pension is a key way of saving for your retirement, and the Company is keen to support you in doing that. Although the pension that you ultimately receive from the RMDCP will depend on a number of factors, a major one is the amount contributed by both you and the Company. The Company hopes that its decision will encourage members of the Plan to save more and to make adequate provision for retirement.