Adrian Boulding: CDC schemes are coming to the UK

‘Collective defined contribution’

clock • 6 min read

With CDC schemes ever closer to becoming a reality in the UK and retirement income guarantees disappearing, Adrian Boulding says sponsors and trustees need to rise to the challenge of member communications

The likelihood of the new collective defined contribution (CDC) scheme rules being enshrined in new pensions legislation in 2019 are now very high. The idea that gained traction towards the end of Sir Steve Webb's time as pensions minister back in late 2014 is now a leading candidate for a Pensions Bill in the Queen's Speech next May. The Department for Work & Pensions (DWP) has now thrown its full weight behind CDCs - producing a detailed consultation paper framing the legislation needed for CDC and, in particular, a new scheme for Royal Mail. It is clearly staking an early claim for sp...

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