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...
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