Article preview: Plans to introduce the first Collective Defined Contribution (CDC) pension scheme in the UK have been backed by the government. CDC pensions came to light in the Pension Schemes Act 2015, which made provision for alternative designs to the traditional defined benefit or defined contribution pension schemes. They work by sharing risk between the scheme sponsor and its members and have already been used in Canada and Holland.
Collective Defined Contribution pensions are coming
This 457 word blog post describes the introduction of the UK’s first Collective Defined Contribution pension scheme. Includes comments from Work and Pensions Secretary Amber Rudd and Jon Millidge, Chief Risk and Governance Officer, Royal Mail. Written on 19th March 2019.
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