CWU
CDC is key for nascent cultural revolution
The general election showed an increasing focus on collective over individual interests. CDC could fit right in, says Hilary Salt.
Guy Opperman: Looking ahead to 2020 - another big year for pensions
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.
All we are saying... is give CDC a chance
Darren Philp argues collective defined contribution could really come to life this year if innovation is allowed to thrive.
Opperman: Employers will follow Royal Mail on CDC 'without a shadow of a doubt'
Large firms will follow the postal service's lead on introducing collective defined contribution (CDC) schemes if it works well for management and employees, the pensions minister says.
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.
Royal Mail Pension Plan appoints Richard Law-Deeks as chief executive
The Royal Mail Pension Plan (RMPP), which manages £10bn of assets on behalf of more than 120,000 members across the UK, has appointed Richard Law-Deeks as chief executive.
What have we to lose from CDC?
Henry Tapper says CDC makes sense as a means of solving one of the most intractable of economic problems but this 'new order of things' is getting a bad reception
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.
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.
BT pension compromise with CWU possible by end of next week
BT and the Communication Workers Union (CWU) are said to be close to a deal over the closure of the telecoms company's defined benefit (DB) scheme.
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.
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 were Capita's shares falling by over 40%, and Royal Mail reaching agreement with its union to launch the UK's first collective defined contribution scheme.
CWU: Royal Mail CDC possible without legislation
Collective defined contribution (CDC) arrangements could be set up without needing full CDC legislation, which would speed up and make the process easier, the Communication Workers Union (CWU) has claimed.
Royal Mail 'on cusp of something special' with CDC plans
The Communication Workers Union (CWU) and Royal Mail Group are very close to securing an agreement on a collective defined contribution (CDC) plan for all members.
Five stories you may have missed this week
This week's top stories included 2020 Trustees being fined for failing to produce two chair's statements.
Union brands BT pension overhaul plans 'slap in the face' as consultation begins
The Communication Workers Union (CWU) has said it will urge its members to reject BT's proposals for its pension funds, which includes closing the defined benefit (DB) scheme.
Letter: Royal Mail pension proposals provide 'good and fair' outcome for members
Douglas Hamilton, the head of pensions strategy at Royal Mail, says its proposals are fair and about affordability not cost-cutting.
Royal Mail workers back CWU's 'call to arms' over DB closure
Royal Mail workers have overwhelmingly voted for strike action in response to the company's planned closure of its defined benefit (DB) scheme.
Five stories you may have missed this week
This week's top stories included the revelation that the Communication Workers Union was planning to cut its pension provision, despite launching a ballot for industrial action against Royal Mail for similar plans.
CWU plans to close final salary schemes while balloting members on Royal Mail scheme closure
The Communication Workers Union (CWU) has proposed a major shake-up of its defined benefit (DB) provision, despite threatening industrial action at Royal Mail for planning similar changes, PP can reveal.
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