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
Image:

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...

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 Industry

Industry supports enhanced regulatory requirements for UK life insurers

Industry supports enhanced regulatory requirements for UK life insurers

Comes after the Prudential Regulation Authority unveiled new proposals for insurers

Holly Roach
clock 15 May 2026 • 1 min read
Women in Pensions 2026: Entries close in one week!

Women in Pensions 2026: Entries close in one week!

Individuals and organisations nominated have until 22 May to complete entries

Professional Pensions
clock 15 May 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Schemes react to Virgin Media remedy, King’s Speech, Scottish Widows report

Professional Pensions
clock 15 May 2026 • 1 min read
Trustpilot