Collective Defined Contribution

Enhanced criminal and civil sanctions for defined benefit (DB) scheme negligence have become law after the Pension Schemes Act 2021 gained its place on the statute book.

The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.

The pensions industry is being given a fresh chance to feed into the Pension Schemes Bill as the Public Bill Committee launches a call for written evidence.

UK collective defined contribution (CDC) schemes would have weathered 2020 market volatility and would not have needed to cut member benefits, Aon says.

Typical collective defined contribution (CDC) pensions would be expected to average 70% higher than either individual DC insured annuities, or 40% higher than pensions provided on average in defined benefit (DB) schemes, analysis from Willis Towers Watson...

The Treasury has published draft tax legislation to enable collective defined contribution (CDC) schemes from next year.

The pension schemes bill heralds an era of tougher governance rules and strengthened member protections, bringing with it a lot of work for trustees, says Fuat Sami.

The pension schemes bill has passed its second reading in the House of Lords, despite questions over the breadth of government powers.

The general election showed an increasing focus on collective over individual interests. CDC could fit right in, says Hilary Salt.

The pension schemes bill is set to boost income and protection for pension scheme members, says Guy Opperman, making 2020 a pivotal year for retirement savings.