Master trust said project will improve member retirement support and education
WTW serving as scheme actuary, Redington as investment strategy adviser and BW as OCIO selection and oversight provider
Stephanie Hawthorne asks if we can rekindle the defined benefit flame
Pensions minister Guy Opperman said the government is ‘keen to move quickly’
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...
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.
The industry has broadly welcomed the Department for Work and Pensions' consultation on collective defined contribution (CDC) as a move towards improving retirement outcomes.
Simon Eagle of Willis Towers Watson says that, based on his work for Royal Mail, well-designed collective defined contribution (CDC) funds would be viable for some other UK employers too.