Exploring collective DC

Jack Jones examines the problems and possibilities in pooled defined contribution

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Pensions minister Steve Webb has given a few pointers this month that large-scale collective defined contribution (CDC) will feature prominently in his upcoming defined ambition (DA) paper. This has drawn strong responses from across the industry.

CDC has its supporters. There is little argument that economies of scale can lead to lower charges and higher pensions. Advocates like the Royal Society for the Encouragement of Arts, Manufacturers...

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