Collective defined contribution (CDC) provision will be introduced slowly, starting specifically with a Royal Mail scheme and then rolling it out more widely, the government has confirmed.
The Pensions Policy Institute has published a report to clarify confusion around collective defined contribution. Kim Kaveh looks at how it could work in the UK.
The Department for Work and Pensions (DWP) has launched a consultation to "shape future legislation" for collective defined contribution (CDC) schemes.
Royal Mail has started a formal consultation process on closing its "unaffordable" defined benefit (DB) scheme to future accrual from April 2018.