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

clock • 4 min read

Rather than reinventing the wheel by resuscitating the idea of the collective defined contribution scheme, Tom Selby argues Labour would do better to focus on improving the pension system we have today

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...

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 Retirement

Royal London introduces CRP framework to help advisers

Royal London introduces CRP framework to help advisers

Support when developing retirement income strategies for clients

Jenna Brown
clock 29 January 2026 • 1 min read
Just Group sees fall in retirement income sales as takeover approaches

Just Group sees fall in retirement income sales as takeover approaches

Brookfield Wealth Solutions to takeover during first half of the year

Isabel Baxter
clock 20 January 2026 • 2 min read
Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Speculation on rules hitting confidence across every age group

Sahar Nazir
clock 17 November 2025 • 2 min read