CDC

Employers showed a "lack of interest" in proposals to give them greater flexibility over defined benefit (DB) schemes, says the Department for Work and Pensions (DWP).

Ruth Gillbe says gradual change would be better than permanent revolution

Helen Morrissey likes the look of collective schemes but questions the government's timing

Pensions minister Steve Webb has dismissed concerns that retirement freedoms announced in the Budget do not work alongside the government's collective defined contribution (CDC) plans.

Providers should be forced to deliver the guidance guarantee if they are to do the right thing by their customers says Fidelity's head of retirement insight Alan Higham.

Industry welcomes the proposed Pensions Bill

The government has confirmed its commitment to overhaul the retirement process and announced new plans to introduce collective defined contribution (CDC) in the Queen's Speech today.

Members of the industry have expressed concern over collective defined contribution (CDC) schemes, which are expected to feature in the Queen's Speech later this week.

Workers are to be given the option of saving into new 'collective' pension schemes which ministers believe could boost their incomes by up to 30%, under plans to be unveiled in the Queen's Speech later this week.

The RSA's David Pitt-Watson explains what the government needs to go if it wants to introduce collective defined contribution (CDC) to the UK.