WPC urges govt to kick-start 'next great pensions revolution' with CDC
Further consultation to come
Frank Field: "The report published today by the select committee offers that opportunity for pensions: how to combine decades of individual pension ownership and provision with collective security."
Collective defined contribution (CDC) schemes are the "best means" for achieving the right balance between collective benefit security and individual freedom and choice, the Work and Pensions Committee (WPC) says.
In a report of its CDC inquiry, the committee said allowing CDC schemes to be established would provide potentially better outcomes than from standard defined contribution (DC) savings while also being...
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