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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Real world experience of a pensions captive

Partner Insight: Real world experience of a pensions captive

Aon
clock 09 May 2025 • 1 min read
DB scheme funding remains steady in April amid market volatility, Broadstone finds

DB scheme funding remains steady in April amid market volatility, Broadstone finds

Consultancy says funding levels remain ‘robust’ in face of ‘rapidly developing’ economic backdrop

Martin Richmond
clock 08 May 2025 • 1 min read
Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Aon
clock 06 May 2025 • 1 min read
Trustpilot