CDC lauded as golden key in DWP's pension choices work

The DWP’s call for input on the support savers expect around choices has closed

Hope William-Smith
clock • 6 min read
Altman:“We have moved from a world where the vast majority of people took an annuity".
Image:

Altman:“We have moved from a world where the vast majority of people took an annuity".

The adoption of collective defined contribution (CDC) arrangements across the industry could be a key development that supports the government’s agenda for savers to make good pension choices, the industry says.

CDC as a key option at the point of retirement was supported in several responses to the Department for Work and Pensions' (DWP) June call for input on saver support, which closes to feedback today...

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