Society of Pension Professionals

Phil Wadsworth says CDC is a chance to reshape pensions and improve outcomes

ACA, APPT and SPP among those pressing for alignment with launch of guided retirement

Measure will make it easier for trustees and employers to agree surplus extraction

CPI-linked protections capped at 2.5% a year and will come into effect in January 2027

Measure will come into force from April 2029

Smart acquires WS Stakeholder scheme, XPS DB funding analysis, TPTIM signs up first external FM client

Paper covers risk of releasing surplus, conflicts of interest and funding levels

Industry positive but says more detail needed in a number of areas

Reports say chancellor has also decided against cutting pension lump-sum withdrawals

Society says scrapping salary sacrifice would lead to reduction in employees’ take home pay