The Department for Work and Pensions will consult on ‘a package of prospective design principles’ to accommodate new types of collective defined contribution (CDC) schemes later this year.
Speaking yesterday (28 March) at a Royal Society of Arts (RSA) CDC forum, pensions and financial inclusion minister Guy Opperman said he was keen to "capitalise on the enthusiasm" around CDC. Regulations which came into play under the Pension Schemes Act 2021 provide for single and connected employer schemes, which trustees can apply for authorisation to run from August of this year. Extending this framework to include multi-employer CDC schemes as well as proposals for master trust models which are ‘decumulation only' have long also been on the government's radar. "I am keen to mo...
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