We're behind the trend on CDC

Punter Southall’s Catherine Love Soper says other countries are abandoning collective defined contribution

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Collective defined contribution (CDC) schemes provide a pension based on some sort of formula, typically, career average.

This pension is subject to indexation only to the extent that is affordable, with the ability to also apply benefit reductions in the event of a funding shortfall. The ‘DC' part of the name is because...

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