Tom Selby: Is collective DC really the Holy Grail of pensions?

Reform ‘ideas' in pensions tend to be circular - wait long enough and something you have heard before will once again be espoused as a solution to the UK's retirement problems. This time it is so-called ‘collective' defined contribution (CDC) schemes that are back on the agenda, courtesy of a newly resurgent Labour Party. Speaking at a fringe event at Labour's annual conference in Brighton, shadow pensions minister Alex Cunningham said the party "will look to allow pension funds to be established in the UK on a collaborative basis along the lines of the Dutch pension system". "It is r...