Legislation promised in the Budget report will make it easier to consolidate the retirement sections of CDC and traditional defined contribution schemes.
A poll of Pensions UK conference delegates found that more than half (53%) believed a lack of employer demand was the biggest barrier to adopting CDC – but speakers were more confident of wider take-up.
High street chain Timpsons and food group Vestey are behind the launch of Arboreum Pensions, the latest collective defined contribution pension scheme to apply to the Pensions Regulator for approval.
TPT Retirement Solutions has introduced a new modelling capability designed to support the launch and ongoing management of collective defined contribution pension schemes.
Collective DC could “revolutionise” the UK pension system, according to Aon’s Chintan Gandhi, as the consultancy prepares to launch an offering in 2028.

Every fortnight, Pensions Expert editor Nick Reeve and LAPF Investments’ Thomas Parker discuss the latest developments across the pensions and retirement sector on the Always A Pensions Angle podcast. Catch up with the latest episodes wherever you get your podcasts, or explore the archive.
The Pensions Regulator has opened its application process for multi-employer CDC pension schemes, with providers expected to begin submitting their proposals later this year.
As legislation facilitating collective defined contribution pension schemes edges closer, professionals are eager to discover what the new model could bring. However, the consensus is not universal, as Sara Benwell and Nick Reeve report.
From Value for Money to surplus release via scale and consolidation discussions and levy arguments, Monday’s roadmap announcement has given the pensions industry a lot to think about.
Last week’s regulatory update saw the guided retirement timetable adjusted to coincide with the CDC rulebook – but will this put some retirees at a disadvantage if support services are delayed?
Explaining how CDC works could be a major obstacle to the model’s success, according to industry professionals polled by Sackers. Almost half of respondents said key features would be challenging to communicate.
Beth Brown and Sally MacCormick of Arc Pensions Law discuss the nuances of collective DC and how it could benefit members once the necessary legislation is in place.
LCP says collective DC schemes must move beyond traditional portfolio metrics and design investment strategies around member outcomes over time.
Aon’s Chintan Gandhi has issued a rallying cry to the pensions industry as he takes over as chair of the Association of Consulting Actuaries, highlighting DC adequacy, DB surplus, collective DC and tax as priorities for the trade body.