All Collective defined contribution (CDC) articles – Page 2
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OpinionPlanning a route to better DC outcomes
Why did the pension trustee cross the road? To catch a bus, but also to demonstrate attitudes to risk, as Maggie Rodger of the Association of Member Nominated Trustees explains.
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FeaturesCDC: Making progress towards a collective goal
This year may finally see the first collective defined contribution (CDC) pension go live in the UK, but doubts remain over how the structure could benefit the wider pension landscape.
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NewsInterview: First Actuarial’s Hilary Salt on her CDC ‘legacy’
Pensions industry veteran Hilary Salt played a pivotal role shaping the UK’s first collective defined contribution scheme, but regulatory hurdles continue to delay its opening.
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OpinionWhy TPT is exploring CDC
Whole of life CDC schemes could provide the best of both DB and DC – but must overcome some teething problems first
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NewsThe industry’s wishlist for the autumn statement
Pensions didn’t feature in the King’s Speech – what would the industry like from the autumn statement?
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NewsMore thought needed on CDC design
Low earners in CDC pension schemes could subsidise the retirement incomes of wealthier members by up to 30%, consultancy argues
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NewsDecumulation call for evidence: Communication is key if scheme members are to be more informed
Industry says DWP call for evidence to help savers make informed decisions was overdue but more work is needed to communicate any enhanced options to members.
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NewsMansion House reforms build momentum behind CDC
Collective defined contribution (CDC) is proving the most popular of the Mansion House ‘reforms’, with more than a third (36%) of trustees and sponsors finding it the most attractive, according to Aon.
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NewsSPP: Decumulation reforms must build on successes of auto enrolment policies
The Society of Pension Professionals (SPP) has issued feedback to the the Department of Work and Pensions (DWP)’s consultations on small pots and helping savers understanding their pension choices/decumulation.
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NewsSurvey says: 3/10 savers prefer CDC pension to annuity or drawdown
Almost one third (30%) of defined contribution (DC) savers in the UK said they would prefer a collective defined contribution (CDC) pension as a decumulation option at retirement, above the options of an annuity or drawdown.
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NewsMulti-employer CDCs discussed at TPT roundtable events
TPT Retirement Solutions has held roundtable discussions with interested businesses on launching multi-employer collective defined contribution (CDC) schemes.
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NewsCDC legislation is 'on the way'
The pensions industry has welcomed government plans to legislate for collective defined contribution schemes (CDCs).
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NewsDB pension superfund regime gets go ahead
In his Mansion House speech Chancellor Jeremy Hunt said the UK's defined benefit pensions landscape was too fragmented and the government would be pushing forward with plans to create a superfund regulatory regime.
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NewsDC pensions: Providers and regulators need to work on innovation
DC pensions providers, regulators and the wider pensions industry need to develop resources to help members extract more value from their savings, a report has found.
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NewsMansion House reforms: Pension industry warns Jeremy Hunt against 'well-intentioned but hasty' reforms
The Chancellor of the Exchequer Jeremy Hunt has unveiled a package of reforms aimed at using the collective power of pension funds to reinvigorate the UK economy.
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OpinionTo DC or CDC. That is the question…
DB pensions – and the guaranteed retirement income they bring – are well and truly a thing of the past, with a mere circa 5,000 left in the UK,most of which are closed to new members.
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NewsPension schemes urged to come to UK Plc's rescue
The secret to reinvigorating the UK economy lies in the hands of pension schemes, says report.
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FeaturesWill DC consolidation present master trusts with crock of gold?
Within a decade, some 15 or more master trusts will have disappeared. Today, 36 players jockey for pole position. What will this huge transition mean for trustees, sponsors, and members, asks Stephane Hawthorne?
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NewsACA chair balks at funding code for open schemes while backing CDC
Concerns about the new funding code forcing “unnecessarily cautious” funding approaches upon open defined benefit (DB) schemes were raised at the All Party Parliamentary Group’s annual pensions lunch earlier this week.
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NewsTrott: Underperforming schemes to ‘improve, consolidate or exit’
Pensions minister Laura Trott has said pension schemes that are underperforming will need to act and either “improve, consolidate or exit the market”.