Pensions minister confirms legislation to expand CDC to be laid in the Autumn

DWP says ‘innovative’ funds will deliver higher incomes and lower risks for pensioners

Holly Roach
clock • 2 min read
Attribution 3.0 Unported (CC BY 3.0) parliament.uk
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Attribution 3.0 Unported (CC BY 3.0) parliament.uk

Pensions minister Torsten Bell has confirmed plans to lay new legislation in the Autumn to allow multi-employer collective defined contribution (CDC) schemes to be established.

CDC schemes pool investment and longevity risks and aim to support predictable returns for savers at no additional cost to employers. The Department for Work and Pensions (DWP) said the "innovat...

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Holly Roach
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