CDC hailed as 'injection of innovation' on launch day

Trustees can now apply for authorisation to operate a CDC scheme

Hope William-Smith
clock • 3 min read
Opperman: “CDC schemes have the potential to transform the UK pensions landscape."
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Opperman: “CDC schemes have the potential to transform the UK pensions landscape."

Collective defined contribution (CDC) schemes have officially opened for applications today (1 August) in what the Department for Work and Pensions (DWP) has hailed an “injection of innovation” into workplace pensions.

‘CDC day' today comes after a long effort to introduce an alternative to defined benefit (DB) and defined contribution (DC) models culminating in the DWP's confirmation last December that it would ...

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