Government consults on collective DC schemes -
The government is consulting on proposals to introduce collective DC schemes (CDC schemes). CDC schemes pool and invest contributions, with a view to delivering better member outcomes than individual DC arrangements. The intention is to create a new legal framework for CDC schemes, rather than using the existing framework for defined ambition schemes – the legislation would be introduced as soon as parliamentary time allows. The impetus comes from proposals for the Royal Mail pension arrangements; the proposed framework would support that suggested model but could be modified if and when wider interest in pooled pension schemes develops.
Please see full publication below for more information.
