CDC

Royal Mail CDC scheme launches, £1.5bn buy-in deal agreed, WTW proposals for fixing ‘broken’ DC sector

Consultancy considers whether it is better to replace DC rather than to repair it

Proposals include extending provision to whole-life unconnected multi-employer schemes

WTW serving as scheme actuary, Redington as investment strategy adviser and BW as OCIO selection and oversight provider

Scheme will provide over 100,000 employees with an income for life and a cash lump sum in retirement

Consolidation, LGPS pooling, UK investment and single employer trusts discussed in responses

Absence of consistent definitions as well as legislation and regulation are barriers

Martin Richmond looks at how the industry could respond to default decumulation duties

Hymans Robertson says up to 50% higher pension income could be provided

Consultancy says multi-employer CDC schemes could come to market from 2026