This week's top stories included the Department for Work and Pensions launching a consultation on collective defined contribution pension schemes.
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 broadly welcomed the Department for Work and Pensions' consultation on collective defined contribution (CDC) as a move towards improving retirement outcomes.
The Department for Work and Pensions launched its consultation on collective defined contribution today. Here are the key questions it is asking…
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.
A "substantial" parliamentary bill acting as a "roadmap" for the long-term future of private pensions will lead to a "significant period of calm", Guy Opperman has promised.
Collective defined contribution (CDC) schemes could be a "halfway house" for the public sector but will appeal to "very much a minority" in the private sector, Baroness Ros Altmann says.
This week's top stories included The Pensions Regulator's announcement that 30 master trusts have or will exit the market, and industry experts calling for the watchdog to reveal the names of those master trusts.