CDC through the eyes of a former with-profits actuary

Bobby Riddaway charts his journey from with-profits concern to CDC acceptance

clock • 13 min read
Bobby Riddaway: The development of the CDC framework, particularly for UMES arrangements, has addressed many of the concerns that originally worried me.
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Bobby Riddaway: The development of the CDC framework, particularly for UMES arrangements, has addressed many of the concerns that originally worried me.

The emergence of collective defined contribution (CDC) pensions has generated both excitement and scepticism across the pensions industry.

As someone who has spent time both as a trustee and as a with-profits actuary, my initial reaction when CDC was first discussed was not driven by the opportunities it presented, but by the lessons ...

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