CDC

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.

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.

This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.

Jonathan Stapleton says the DWP's progress on CDC is a welcome, and cautious, step forward.

Smaller schemes should be given more time to prepare data for the pensions dashboard while larger counterparts should be brought on earlier, this week's Pensions Buzz respondents say.

Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'

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.

As the DWP's consultation on collective DC closes, Stephanie Baxter finds most responses are broadly supportive but some are critical, pointing out there is a long way to go to get it right

Tim Sharp warns the DWP's plans for collective DC risk establishing an inhospitable environment for the lay trustee