CDC

Con Keating says the Royal Mail pension story is a rare piece of pension good news. And there are a number of major listed firms watching developments in CDC closely.

Universities UK (UUK) has suggested a collective defined contribution (CDC) scheme could be a replacement for the defined benefit (DB) element of the Universities Superannuation Scheme (USS).

Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.

Hilary Salt says DC is merely a savings vehicle, and argues collective DC would provide a wage in retirement more efficiently

This week's top stories included The Pensions Regulator naming schemes and trustees for chair's statements failures, and coverage of the final day of the Box Clever case in the Upper Tribunal.

Collective individual defined contribution (CIDC) schemes should be sought as the next form of pension provision, a university paper has recommended.

Frank field is a good thing for pensions and the government will make the necessary legislative changes to allow CDC, according to industry

In this week's Pensions Buzz we want to know if you think Frank Field, chairman of the Work and Pensions Committee, is a good thing for pensions.

The industry has been calling for some sort of alternative to defined benefit (DB) schemes for as long as I can remember - saying such arrangements could provide a third way between DB and defined contribution (DC) schemes.

Royal Mail and the Communication Workers Union (CWU) have agreed in principal to work towards introducing a collective defined contribution (CDC) scheme for all employees.