All Collective defined contribution (CDC) articles – Page 6
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News
CDC pensions ‘would be 70% higher’ than traditional DC
On the go: A new guide published by Willis Towers Watson estimates that collective defined contribution pensions would be on average 70 per cent higher than traditional defined contribution, and 40 per cent higher than typical defined benefit schemes.
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News
Govt’s ‘landmark’ pensions bill proceeds to Commons
On the go: The pension schemes bill, which includes rules for pension dashboards and new powers for the Pension Regulator, has cleared its first hurdle in the House of Lords.
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News
After a fine innings at BW, McLean still wants to bat
A pension legend, Malcolm McLean has just stepped down as a senior consultant with Barnett Waddingham. He has received countless gongs, culminating in an OBE and two awards for outstanding achievement, but as a modest man he does not trumpet such fripperies.
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News
Pension bill progress halted due to emergency health laws
On the go: Progress on the pension schemes bill has come to a halt following the government’s commitment to hurry through emergency health legislation to combat the effects of coronavirus.
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News
Charge cap could be a barrier to CDC, experts fear
A collective defined contribution pension scheme for Royal Mail employees is inching closer to the starting gate, but an amendment to the pension schemes bill to impose a charge cap could derail other nascent CDCs from ever getting off the ground, according to experts.
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News
Government brings identical bill back to parliament
On the go: The Department for Work and Pensions has reintroduced its pension schemes bill in the House of Lords, after the December general election delayed its debate in Parliament.
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News
Opperman promises ‘refined’ Pension Schemes Bill
On the go: The Pension Schemes Bill has been included in the Queen’s Speech delivered on Thursday, with pensions minister Guy Opperman stating it will be a refined version from the previous document.
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OpinionAll change for pensions in 2020?
Some surprises are less surprising in retrospect, and December’s general election was one of those events.
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News
Opperman reappointed pensions minister
On the go: Guy Opperman remains as minister for pensions and financial inclusion after being reappointed as MP for Hexham.
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OpinionCollective defined contribution schemes: Smooth operators?
Barnett Waddingham’s Esther Hawley looks at the differences between collective defined contribution schemes and individual DC strategies, and how workplace pension funds can mirror the new concepts being developed to improve the UK’s retirement outcomes.
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News
Master trusts welcome CDC in decumulation
Several master trusts would welcome the ability to offer a collective defined contribution solution for their members in decumulation, after the government hinted at such a possibility.
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News
Pension schemes bill overshadowed by Brexit
A pension schemes bill has been included in the Queen’s Speech as expected, but critics say the government’s Brexit headaches and lack of majority mean it is little more than a manifesto pledge.
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Features
Sequencing risk – the scourge of DC retirees
Data crunch: Could you time your retirement to make the most of market conditions? Analysis of historical returns shows many drawdown customers are taking a blind punt on sequencing, raising questions about appropriate retirement products for an inert population.
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Features
Wesbroom: Actuaries must now stand up to public scrutiny
Kevin Wesbroom has his work cut out bringing his CV up to date.
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News
Only 13% of organisations predict CDC adoption in next six years
On the go: Only 13 per cent of trustees and sponsors predict that their organisations will adopt a collective defined contribution scheme of some sort by 2025, according to research by Willis Towers Watson.
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News
Pension professionals distrust consolidation, finds PMI poll
On the go: A significant minority of pensions professionals are distrustful of both defined contribution and defined benefit consolidation, according to a poll from the Pensions Management Institute.
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News
Government gives green light to CDC schemes, but questions remain
The government has given the go-ahead to collective defined contribution schemes, but experts say its consultation response has left a number of issues unaddressed.
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News
Pensions minister confirms commitment to CDC schemes
On the go: The minister for pensions and financial inclusion, Guy Opperman, has confirmed that the government intends to proceed with legislation to implement collective defined contribution schemes.
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News
Govt and scheme decision-makers told to tread with caution on CDC
Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.
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OpinionTime to press ahead on CDCs
Guy Opperman, minister for pensions and financial inclusion, discusses the government’s recently published consultation on collective defined contribution pension schemes, and what it means for both employers and employees.