CDC
The key questions the DWP is asking on CDC
The Department for Work and Pensions launched its consultation on collective defined contribution today. Here are the key questions it is asking…
How CDC is moving from dream to reality
The industry has spent years discussing alternatives to DB and DC. Jonathan Stapleton says this dream is now closer to becoming reality with the launch of a consultation into CDC.
DWP launches consultation to legislate for CDC
The Department for Work and Pensions (DWP) has launched a consultation to "shape future legislation" for collective defined contribution (CDC) schemes.
EXCLUSIVE: Why well-designed CDC is viable for UK employers
Simon Eagle of Willis Towers Watson says that, based on his work for Royal Mail, well-designed collective defined contribution (CDC) funds would be viable for some other UK employers too.
Bumper bill inbound but pension policy stability will follow, Opperman pledges
A "substantial" parliamentary bill acting as a "roadmap" for the long-term future of private pensions will lead to a "significant period of calm", Guy Opperman has promised.
Altmann: CDC best suited for 'quasi-public sector' organisations
Collective defined contribution (CDC) schemes could be a "halfway house" for the public sector but will appeal to "very much a minority" in the private sector, Baroness Ros Altmann says.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator's announcement that 30 master trusts have or will exit the market, and industry experts calling for the watchdog to reveal the names of those master trusts.
Opperman: Dashboard, DB and CDC legislation 'in next Queen's Speech'
The government is aiming to legislate for the pensions dashboard, defined benefit (DB) reform, and collective defined contribution (CDC) schemes next year, Guy Opperman has said.
Longevity 14: CDC urged as solution to demographic challenges and 'insolvent' state system
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.
Michael Johnson: CDC is a 'risk too far' and with-profits better
Collective defined contribution (CDC) schemes risk creating "irreversible intergenerational injustice" and could undermine pension freedoms, Michael Johnson says.
Five stories you may have missed this week
This week's top stories included coverage of the Competition and Markets Authority's provisional decision following its investigation of investment consulting and fiduciary management.
Industry split on whether CMA proposals go far enough
Respondents were almost evenly split in this week's Pensions Buzz on whether the Competition and Markets Authority's (CMA) remedies for the investment consultant and fiduciary management markets go far enough.
How CDC could improve retirement outcomes
Collective defined contribution should be brought back to the table, a panel at Pensions and Benefits UK argued. Victoria Ticha reports from the conference
WPC urges government to kick-start 'next great pensions revolution' with CDC
Collective defined contribution (CDC) schemes are the "best means" for achieving the right balance between collective benefit security and individual freedom and choice, the Work and Pensions Committee (WPC) says.
Royal Mail workers vote in favour of pensions deal; paves way for CDC
Postal workers have voted strongly in favour of a deal that includes plans to set up the UK's first collective defined contribution (CDC) pensions scheme, during a Communication Workers Union (CWU) ballot on 28 March.
Regulation is responsible for smaller lay trustee pool, say respondents
The pressure of "excessive regulation" is causing a drop in the number of lay trustees and deterring people from taking up the role, according to this week's Pensions Buzz respondents.
BT and CWU agree to new 'hybrid' pension scheme
The closure of the BT Pension Scheme (BTPS) to future accrual means 20,000 active members will move to an 'enhanced' defined contribution (DC) scheme, after the company reached a deal with the union.
DWP 'minded to assist' Royal Mail CDC plans but offers no 'bespoke legislation'
The government is "minded to assist" any collective defined contribution (CDC) proposal that may arise from Royal Mail and the Communication Workers Union (CWU), Guy Opperman has said.
Opperman: Positive progress on Royal Mail CDC but long way to go
Talks on Monday to discuss the collective defined contribution (CDC) proposals for Royal Mail were "very productive", according to the pensions and financial inclusion minister.
Royal Mail experience shows CDC is a good news pension story
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.
UUK joins CDC bandwagon as it sets out possible USS replacements
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).
CDC easy to enable but needs clear governance from the get-go, MPs told
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.
DC schemes aren't pensions
Hilary Salt says DC is merely a savings vehicle, and argues collective DC would provide a wage in retirement more efficiently
Five stories you may have missed this week
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.
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