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Latest DC news
The £25bn question: TPR report casts doubt on benefits of scale
New research from the Pensions Regulator indicates that scaling up defined contribution pension schemes will not bring guaranteed economies of scale.
Nest granted drawdown capabilities ahead of guided retirement push
The government has amended legislation to allow Nest to provide “flexi-access drawdown” as the Pension Schemes Act introduces decumulation requirements for DC providers.
Regulator gives green light to WTW’s Cushon acquisition
WTW now owns two defined contribution master trusts serving the UK market, with Cushon now sitting alongside its existing LifeSight offering.
TPT adds sukuk bond fund to member options as Sharia investing choices grow
TPT Retirement Solutions is the latest defined contribution (DC) provider to add Sharia-compliant sukuk bonds to its investment options for members.
How small employers are trying to boost pension saving levels
Small employers are concerned about a lack of retirement saving among younger workers and exploring ways to increase pension engagement, according to new research from People’s Pension.
Lambeth among schemes backing UK venture capital investment drive [updated]
The London Borough of Lambeth Pension Fund is among several LGPS funds to have backed Schroders Capital’s UK Innovation Long Term Asset Fund, backing domestic venture capital companies.
Pension Schemes Bill finalised: Industry hails ‘historic moment’ despite spectre of mandation
The Pension Schemes Bill has been finalised after protracted debates between legislators, and will now move to receive Royal Assent. Pensions Expert rounds up some of the industry reaction across the various elements of the new legislation.
Bill breakthrough as Lords accept final concessions on mandation power
BREAKING: The Pension Schemes Bill is set to become law after further concessions led to a late-night breakthrough over the controversial mandation policy.
Collective defined contribution news
CDC code of practice laid before parliament as TPR clarifies comms role of trustees
The Pensions Regulator’s code of practice for collective defined contribution pension schemes has been laid before parliament ahead of coming into force later this year.
LifeSight eyes retirement CDC as industry awaits rulebook
The LifeSight master trust plans to launch a retirement-only collective defined contribution offering, it announced today, as the pensions industry anticipates a new regulatory framework later this year.
Regulator’s CDC code welcomed, but more work needed
TPR’s consultation on a combined code of conduct for single-employer and multi-employer CDC schemes closes this week, a move that commentators said should be more manageable and straightforward than separate codes.
Outlook 2026: Making collective DC a reality
Pensions Expert asked CDC experts for their views on what 2026 holds for the nascent CDC sector, what challenges are still to be met, and how proponents should communicate this new model to savers.
More DC news
Latest mandation amendment acknowledges government’s role in UK asset sourcing
Pat McFadden, the work and pensions secretary, has put forward changes to part of clause 40 setting out what the government must do before implementing the reserve power to require specific asset allocations.
Pension Schemes Bill still in deadlock after Lords reject third version of mandation clause
Late last night, peers voted against amendments tabled by the House of Commons earlier in the evening that proposed further limitations on the mandation power, and repeated calls for the clause to be removed altogether.
DC power brokers: Small group of decision-makers overseeing £160bn
New research says the growth of pension ‘megafunds’ is concentrating power in the hands of a small group of trustees, raising questions over accountability, innovation and member voice.
Inequalities leaving workers facing inadequate retirement incomes
A new report has proposed testing pension rules against disrupted career patterns to ensure eligibility criteria work for people with fluctuating incomes or periods out of work.
Comment and opinion
What India’s pension system can teach the UK about Value for Money
Democratisation 2.0: From access to outcomes in UK pensions through Value for Money
IFoA: Give pension savers a seat at the table
Is running on DB schemes a bridge to stronger DC outcomes?
Trusteeship and administration: Preparing for a consolidated future
PPI: There’s more than one way for a pension to be inadequate