SIPPs vs CDC schemes: Breaking it down for advisers

Decisions need to be framed by the individual's circumstances

clock • 3 min read

Should my client join a CDC scheme or opt out and pay contributions into their own SIPP? Adrian Boulding shares his insight...

Two exciting launches should happen in pensions next year. Firstly, we will see new multi-employer schemes springing up offering collective defined contribution (CDC) benefits, using the secondary legislation already drafted and sat on the Parliamentary runway awaiting clearance from the new government. Secondly, we should see the first phase of ‘pot for life', expected to be a right for employees to direct their employer to pay their whole pension contribution to a scheme of the employee's own choosing. Taking those two major developments together, advisers will have lots of clients...

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

Industry backs 'surprise' Pension Schemes Bill in King's Speech

Industry backs 'surprise' Pension Schemes Bill in King's Speech

Pensions Bill inclusion was welcomed by industry commentators

Martin Richmond
clock 17 July 2024 • 6 min read
Direction of travel: What Labour has planned for pensions freedom

Direction of travel: What Labour has planned for pensions freedom

'The targeted support proposal is particularly critical'

Jon Greer
clock 15 July 2024 • 4 min read
Compulsion and choice: Lessons from the Aussie pension system

Compulsion and choice: Lessons from the Aussie pension system

In his latest article for Professional Adviser, Roger Brosch explores what the ‘super’ Down Under means for pensions up here

Roger Brosch
clock 10 July 2024 • 4 min read