All Collective defined contribution (CDC) articles – Page 8
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News
BT agrees to replace DB with ‘hybrid' scheme
BT has announced the closure of its defined benefit scheme and has agreed to develop a ‘hybrid’ solution with the Communication Workers Union.
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OpinionCDC: Two birds in the bush
Editorial: The fight for defined benefit accrual is coming to a head at universities after employers showed their hand early in the dispute over pensions.
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News
Govt 'tempted' by latest Royal Mail CDC proposals
The Department for Work and Pensions is “tempted” to lay regulations facilitating the creation of collective defined contribution schemes, following a recent breakthrough by the team drafting proposals on behalf of Royal Mail.
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OpinionThe pensions industry risks betraying Generation X
Pensions policy has the unenviable task of providing for the needs of current retirees without unfairly burdening younger generations. Luckily, solutions do exist, writes Colin Wilson of the Institute and Faculty of Actuaries.
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OpinionIs it too late for CDC?
Collective defined contribution schemes would improve outcomes, but huge obstacles are in the way, says Hugh Nolan from the Society of Pension Professionals.
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News
TUC cautions over ‘pensions lottery’
The Trades Union Congress has today said that workers face a “pensions lottery” upon retirement.
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News
Select committee hearing shows deep divide over CDC
Collective defined contribution could dramatically uplift the final values enjoyed by UK pension savers, a parliamentary select committee has heard, but some experts still doubt its compatibility with pension freedoms and performance in market crashes.
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News
Royal Mail and CWU reaffirm commitment to CDC
Royal Mail and the Communication Workers Union have reiterated that they have "reached an agreement in principle" on pensions, pay, a shorter working week, culture and operational changes. The union's executive recommends that CWU members vote in favour of the proposals in an upcoming ballot.
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News
CIDC schemes divide industry
Collective individual defined contribution schemes may be the only viable form of collective pension scheme in the short run, according to David Blake, director at the Pensions Institute, Cass Business School.
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News
CIDC schemes offer best scheme model, says academic
Collective individual defined contribution schemes may be the only viable form of collective pension scheme in the short run, according to David Blake, director at the Pensions Institute, Cass Business School.
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OpinionThe death of DB is yet to be felt
The full impact of the decline of defined benefit schemes will hit many people hard, warns the Society of Pension Professionals’ Hugh Nolan.
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Opinion
Industry is divided over Royal Mail's CDC proposal
Pressure is mounting on the Department for Work and Pensions to lay regulations for collective defined contribution, after mediation between Royal Mail and the Communication Workers Union recommended lobbying government to facilitate their creation of a CDC scheme.
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OpinionEditorial: Club together?
Editorial: Collective defined contribution is getting another close look. And it probably will do until pure DC can prove it allows people to have a decent retirement.
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OpinionWhy CDC is fair to all generations
From the blog: The Work and Pensions Committee’s inquiry into collective defined contribution has led to a welter of objections to the concept. Among these concerns, misconceptions abound. Some are even evident in the introduction to the inquiry offered by that committee.
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NewsMPs launch inquiry into CDC
The Work and Pensions Committee has begun an inquiry into collective defined contribution schemes, but experts remain unconvinced of European-style risk-sharing, highlighting intergenerational and moral hazard risks.
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OpinionIs the CDC era about to begin?
The Pensions Management Institute’s Tim Middleton says positive experience in the Netherlands and a change in the political landscape are paving the way for the adoption of collective defined contribution in the UK.
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News
Income security needed to bolster drawdown products
Drawdown solutions must be improved to offer pensioners greater certainty that their retirement income will last, a panel of specialists told Pensions Expert last week.
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Opinion
Cunningham: Next government must boost transparency
In the first of a series of interviews with political candidates representing their parties on pensions issues, we hear from Alex Cunningham, Labour MP for Stockton North.
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FeaturesCould hybrids solve the pensions adequacy problem?
One has to feel sorry for members of Generation X. Successive studies have shown that unlike their millennial counterparts, whose quality of retirement it is entirely within the reach of policymakers to decide, defined contribution has failed Gen X-ers.
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News
CDC could refocus industry on purposeful finance
Refocusing the industry on the purpose of finance could deliver huge benefits to UK pensions, a new academic paper has suggested, as calls were lodged for the resurrection of collective defined contribution.