CDC

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

DWP appointments, Brookfield enters bulk annuity market, TPR evolves master trust supervision

Plan became the first CDC scheme in the UK in 2023 after approval from TPR

Association says building pensions adequacy for workers is ‘defining challenge of our time’