Typical collective defined contribution (CDC) pensions would be expected to average 70% higher than either individual DC insured annuities, or 40% higher than pensions provided on average in defined benefit (DB) schemes, analysis from Willis Towers Watson...
The Treasury has published draft tax legislation to enable collective defined contribution (CDC) schemes from next year.
The pension schemes bill heralds an era of tougher governance rules and strengthened member protections, bringing with it a lot of work for trustees, says Fuat Sami.
The pension schemes bill has passed its second reading in the House of Lords, despite questions over the breadth of government powers.
The general election showed an increasing focus on collective over individual interests. CDC could fit right in, says Hilary Salt.
The pension schemes bill is set to boost income and protection for pension scheme members, says Guy Opperman, making 2020 a pivotal year for retirement savings.
The pensions schemes bill will digitalise pensions and provide savers with greater confidence for retirement, Guy Opperman has said.
With the spectre of Brexit looming over parliament, Jonathan Stapleton has some scepticism that the pension schemes bill will be enacted any time soon.
A pension schemes bill is set to be laid in parliament in the coming weeks after the government announced a wide-ranging suite of reforms in the Queen’s Speech today.
Boris Johnson's government will deliver its first Queen's Speech on 14 October, the prime minister has announced.