CIPD to replace DB scheme with DC in bid to boost take-up

Jenna Towler
clock

The Chartered Institute of Personnel and Development is to close its defined benefit pension scheme to new members from January.

The professional body said it made the decision because the "generous scheme" suffered from low levels of take up among lower paid staff and frequent cash contribution calls which could not be budg...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Creating value - defined benefit pension scheme strategy in M&A Transactions

Partner Insight: Creating value - defined benefit pension scheme strategy in M&A Transactions

Matthew Richardson, Partner and Alice Wilmot, Associate Partner at Aon
clock 13 March 2026 • 3 min read
Aggregate DB surplus increases to £273.7bn in February

Aggregate DB surplus increases to £273.7bn in February

PPF 7800 index finds funding ratio decreased slightly to 130.8%

Jasmine Urquhart
clock 10 March 2026 • 2 min read
New: DB endgame research reveals the challenges trustees face today

New: DB endgame research reveals the challenges trustees face today

Professional Pensions
clock 10 March 2026 • 1 min read
Trustpilot