CDC lauded as golden key in DWP's pension choices work

DWP’s call for input closed

Hope William-Smith
clock • 6 min read

The adoption of collective defined contribution (CDC) arrangements across the industry could be a key development that supports the government’s agenda for savers to make good pension choices, the industry says.

CDC as a key option at the point of retirement was supported in several responses to the Department for Work and Pensions' (DWP) June call for input on saver support, which closes to feedback today (25 July). The trust-based scheme-focussed consultation came after the Financial Conduct Authority (FCA) conducted research across the contract-based market which found most savers choose the "path of least resistance" when it comes to accessing their savings. This is despite the wide range of options now available to savers under pension freedoms. Scottish Widows head of policy Pete Glancy...

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

More on Pensions

Govt ignores pension tax lock call as petition responses top 18,500

Govt ignores pension tax lock call as petition responses top 18,500

AJ Bell started petition; Govt forced to respond after 10,000 signatures

Jenna Brown
clock 23 October 2025 • 2 min read
How SIPPs and SSASs could help power the UK's energy goals

How SIPPs and SSASs could help power the UK's energy goals

'The role of pensions in supporting renewable energy deserves further consideration'

Caitlin Southall
clock 23 October 2025 • 4 min read
IHT on pensions: A moment in time for the profession to shine

IHT on pensions: A moment in time for the profession to shine

'Bringing pensions into the IHT net marks a structural change in how wealth is transferred'

Andrew Zanelli
clock 21 October 2025 • 4 min read