SIPPs vs CDC schemes: Breaking it down for advisers

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...