Image:
Michael Jones: CDC could be the much-needed route to adequate income in retirement
With the government expected to launch its first of two consultations on collective defined contribution (CDC) early next year, industry attention is demonstrably turning to CDC in decumulation and whether it could be a viable alternative to drawdown at retirement by turning pension pots into income for life.
Existing legislation covers employer-run CDC schemes (single or multiple employers who are part of the same corporate group), but so far, only Royal Mail have taken up the mantle. The Royal Mail mo...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
