Government readies CDC for 2022 launch

Draft regulations expected to be enforced from August alongside TPR CDC code

James Phillips
clock • 2 min read

Collective defined contribution (CDC) schemes could begin operating from next year after the government set an August enforcement date for legislation.

In what it hailed as a "huge step forward", the Department for Work and Pensions (DWP) yesterday (15 December) confirmed it would proceed with regulations for single and connected employer schemes. The regulations set out how schemes will be authorised, assessed and monitored by The Pensions Regulator (TPR), alongside rules for valuations and benefit adjustments, information disclosures, and member protections. The first CDC scheme is expected to be launched by Royal Mail, which has been working on the proposals since a decision to close its defined benefit (DB) provision in 2018. ...

To continue reading this article...

Join Professional Adviser for free

  • 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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Pensions

Pension Lab processes more than one million digital LoAs

Pension Lab processes more than one million digital LoAs

Challenge around ‘standards for consistency’

Sophia Panayi
clock 06 November 2026 • 1 min read
DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

Consultation covers how default pensions should work in practice

Holly Roach
clock 03 November 2026 • 6 min read
Do clients already own the best retirement portfolio?

Do clients already own the best retirement portfolio?

'Feeling safer and being safer aren't the same thing'

Alex Funk
clock 29 October 2026 • 4 min read