CDC regulations published but 'job half done' says minister

Industry called on to provide feedback on what schemes must do to become authorised

Hope William-Smith
clock • 3 min read

The government has released draft regulations for the running of collective defined contribution (CDC) schemes and is calling for feedback and suggestions on its plans.

In a consultation published today (19 July) the government outlined its proposed regulations for CDC and the areas in which it is seeking industry feedback or assistance. These are: scope and application, application process, authorisation criteria, valuation and benefit adjustment, supervision framework, publication and disclosure of information, and member protection and transfers. The government said it was also seeking views on "associated consequential changes" that will implement the new authorisation and supervision regime for CDC under the Pension Schemes Act 2021. It comes...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

DB pension transfer activity falls to lowest level in nine months

DB pension transfer activity falls to lowest level in nine months

Transfers fell by almost 12% in April, according to analysis

Jenna Brown
clock 25 May 2023 • 1 min read
The great pensions unlock: Unpicking the chancellor's changes

The great pensions unlock: Unpicking the chancellor's changes

Things sure have changed up here on pensions mountain

Lee Halpin
clock 19 May 2023 • 5 min read
How to help clients navigate the pension consolidation process

How to help clients navigate the pension consolidation process

Consolidating pensions may enable clients to pay less in costs

Pete Hykin
clock 16 May 2023 • 3 min read