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.
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.
With a raft of changes mapped out for the industry, pensions minister Guy Opperman says reforms will place customers at their core.
The pensions schemes bill will digitalise pensions and provide savers with greater confidence for retirement, Guy Opperman has said.
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
The Royal Mail Defined Benefit Cash Balance Scheme (DBCBS) has ended its first full-year with a £9m actuarial surplus, the company says.
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.
Rory Murphy says a bona fide mediation process could provide valuable evidence of reasonableness for trustee and employer alike
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.
Jonathan Stapleton says the DWP's progress on CDC is a welcome, and cautious, step forward.
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.
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.
Tim Sharp warns the DWP's plans for collective DC risk establishing an inhospitable environment for the lay trustee
Darren Philp argues collective defined contribution could really come to life this year if innovation is allowed to thrive.
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.
The industry has broadly welcomed the Department for Work and Pensions' consultation on collective defined contribution (CDC) as a move towards improving retirement outcomes.
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.
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 says a collective approach to pensions is, at best, only half right for the UK
Collective defined contribution (CDC) schemes have taken another step towards reality as the government confirmed it will consult on the "interesting new possibilities" this autumn.
Collective defined contribution (CDC) schemes risk creating "irreversible intergenerational injustice" and could undermine pension freedoms, Michael Johnson says.
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