Royal Mail
TPR expands Determinations Panel with appointment of new chair and four members
Former Financial Regulators Complaints Commissioner Antony Townsend is to become chair of an expanded Determinations Panel at The Pensions Regulator (TPR).
CDC pensions could be 70% higher than DC and 40% more than DB, says WTW
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...
Governance Watch - September 2020
Manifest-Minerva's Thomas Bolger takes a look at key issues at upcoming AGMs, focusing this month on issues at Royal Mail.
CDC success reliant on 'fairer' balance of priorities
Collective defined contribution (CDC) schemes will offer members and employers a more satisfactory balance between affordability and security if they can meet both parties’ needs, according to Unbiased.
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.
Guy Opperman: The pension schemes bill will bring the industry into the 21st Century
With a raft of changes mapped out for the industry, pensions minister Guy Opperman says reforms will place customers at their core.
Opperman: Doing nothing is not an option
The pensions schemes bill will digitalise pensions and provide savers with greater confidence for retirement, Guy Opperman has said.
Should master trusts adopt CDC?
Last month, a roundtable looked at the future of CDC and whether master trusts are well-placed to provide such an arrangement. Kim Kaveh reports
Royal Mail cash-balance scheme records £9m surplus after first full-year
The Royal Mail Defined Benefit Cash Balance Scheme (DBCBS) has ended its first full-year with a £9m actuarial surplus, the company says.
One in eight trustees predict their organisation will adopt CDC by 2025
A minority (13%) of trustees and corporate sponsors predict their organisation is "likely" or "very likely" to adopt a collective defined contribution (CDC) scheme by 2025, Willis Towers Watson finds.
'We need to talk': How mediation could help save troubled pensions relationships
Rory Murphy says a bona fide mediation process could provide valuable evidence of reasonableness for trustee and employer alike
Allow CDC savers to access pension freedoms, says industry
Collective defined contribution (CDC) savers should be allowed to access pension freedoms when the scheme is rolled out, last week's Pensions Buzz respondents said.
A small step forward for CDC
Jonathan Stapleton says the DWP's progress on CDC is a welcome, and cautious, step forward.
DWP gives green light to CDC; will extend to wider models after Royal Mail scheme
Collective defined contribution (CDC) provision will be introduced slowly, starting specifically with a Royal Mail scheme and then rolling it out more widely, the government has confirmed.
DWP to set out CDC proposals in 'coming weeks'
The government will proceed with legislation to implement collective defined contribution (CDC) schemes and aims to formally respond to the consultation in a matter of weeks, Guy Opperman has confirmed.
CDC must have a strong member voice
Tim Sharp warns the DWP's plans for collective DC risk establishing an inhospitable environment for the lay trustee
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.
The top 20 opinion articles of 2018
What were the most read opinion pieces on Professional Pensions over the last 12 months? We look at some of the top pieces from our commentators during the year.
Reaction: CDC consultation branded big step forward for pensions but challenges remain
The industry has broadly welcomed the Department for Work and Pensions' consultation on collective defined contribution (CDC) as a move towards improving retirement outcomes.
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.
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.
Theo Kocken: Why it would be disastrous to mix pre- and post- retirement members in CDC
Theo Kocken says a collective approach to pensions is, at best, only half right for the UK