Royal Mail Collective Pension Plan becomes UK first collective defined contribution scheme
DWP to consult on regulations as industry poll finds widespread adoption expected
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.
Darren Philp argues collective defined contribution could really come to life this year if innovation is allowed to thrive.
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.
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.
The Department for Work and Pensions (DWP) has launched a consultation to "shape future legislation" for collective defined contribution (CDC) schemes.
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.