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

Divorce, pensions and professional collaboration in the HNW world

Divorce, pensions and professional collaboration in the HNW world

'Beware the attraction of the simple solution'

Richard Kershaw
clock 16 February 2026 • 3 min read
A century of the state pension – and why the next redesign is overdue

A century of the state pension – and why the next redesign is overdue

'A pension promise only works if contributors believe it is fair and durable'

Adam Cole
clock 16 February 2026 • 4 min read
Pensions: The overlooked asset in divorce settlements?

Pensions: The overlooked asset in divorce settlements?

Practical steps to narrow the divorce pension gap

Alistair Myles
clock 11 February 2026 • 5 min read