CDC support grows; one fifth of businesses considering use

Spurred by Royal Mail CDC scheme

Holly Roach
clock • 2 min read

Support for collective defined contribution (CDC) schemes is growing with more than a fifth of businesses now considering using it for their own employees, according to the Association of Consulting Actuaries (ACA).

The firm's 2021 Pension Trends Survey revealed more than half (58%) of survey respondents support extending CDC beyond the Royal Mail scheme, to allow industry-wide and multi-employer while 21% of businesses are interested in CDC for their employees. It also found 54% support its extension to allow industry-wide and multi-employer CDC schemes, this is up eight percentage points compared to the firm's survey last year. The report also found 25% would consider a CDC master trust for both accumulation and decumulation. The ACA's research found contributions into ‘traditional' defined ...

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

Curry: "Design standards are vital for consumer protection."

Pensions dashboard design standards consultation opens

PDP consultation closes to responses on 16 February 2023

Holly Roach
clock 02 December 2022 • 1 min read
FCA launches paper on dashboard provider rules

FCA launches paper on dashboard provider rules

'Welcome next step towards making dashboards a reality'

Holly Roach
clock 01 December 2022 • 2 min read
SIPP borrowing for commercial property investment explained

SIPP borrowing for commercial property investment explained

Helping clients navigate a pension lending 'journey'

Caitlin Southall
clock 01 December 2022 • 4 min read