Investment advice aids landmark Royal Mail pension scheme

Barnett Waddingham (BW) has provided critical investment advice on the UK’s first collective defined contribution (CDC) pension scheme — the Royal Mail Collective Pension Plan (RMCPP). 

This pioneering scheme marks a significant milestone in the UK pensions landscape.

BW’s expertise was instrumental in advising the Royal Mail Group and the trustee board of the RMCPP on selecting BlackRock as their Outsourced Chief Investment Officer (OCIO) provider. This decision was crucial in ensuring the scheme’s unique investment needs are met.

"We’re very excited to witness the official launch of the RMCPP and to have played our part in this pivotal moment."

Peter Daniels, Partner and Head of Outsourced Investment Services at BW, led the advisory role, supported by the firm’s specialist team, including Chris Powell, Head of Outsourced Investment Research.

Peter said: “Barnett Waddingham is proud to have advised on the investment arrangements of this milestone scheme, by providing crucial input and support to the Royal Mail Group and the trustee board of the RMCPP. We’re very excited to witness the official launch of the RMCPP and to have played our part in this pivotal moment.

“The investment needs of the UK’s first CDC scheme are complex and unique; helping to pick the right investment partner for the RMCPP relied on the depth of our market research and our long track record in advising on OCIO provider selection. We wish Royal Mail and the trustee every success with the future of the plan.”