Should the UK go Dutch in pensions?

Michael Klimes asks whether the Dutch CDC model is the way to go for UK pensions

Michael Klimes
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Milan Kundera wrote a novel called Life is Elsewhere. Its wonderful title suggests the longing for something better. In the debate about where British pensions go from here, some suggest that the UK should go Dutch and adopt the collective defined contribution (CDC) model.

The advocates of CDC argue that it spreads risk and provides a satisfactory replacement of annuities. Its critics say that CDC increases intergenerational inequality and discriminates against poor ...

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