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Consultation opens on expanding CDC pensions

The government has launched a consultation on introducing legislation that would expand the scope of collective defined contribution (CDC) pension schemes. CDC pensions, also known as “Dutch style” pensions as they are popular in the Netherlands, are a middle ground between defined benefit (DB or final salary schemes) and defined …

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Industry welcomes DWP consultation on whole-life, multi-employer CDC

The industry has welcomed the DWP’s consultation on draft regulations for whole-life multi-employer collective defined contribution (CDC) schemes, highlighting their potential to improve pension outcomes for many workers while stressing the need for regulatory guidance for successful implementation. The consultation, which closes November 19, seeks feedback on new draft legislation …

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Government finally preparing to fix lifetime allowance errors

Regulations have finally been laid before Parliament to correct errors that had been embedded into legislation when the lifetime allowance was scrapped. The lifetime allowance was abolished back in April but there were mistakes in the original legislation, which the government needed to fix before certain clients could make changes to …

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Amazon pack kits for local schools

AMAZON employees at the Dunfermline fulfilment centre have packed and donated 250 essential packs for schools across Fife. The schools supported with the donation are Duloch Nursery and Primary School, Cardenden Primary School, Masterton Primary School, and Lochgelly South Primary School. The packs contained items such as schoolbooks, pencils and …

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Menopause Workplace Pledge – HQN

Charity Wellbeing of Women is calling on employers to sign its Menopause Workplace Pledge and take positive action to make sure everyone going through the menopause is supported. Women make up nearly half of the UK workforce, yet many feel forced to reduce their hours, pass up promotions, or even …

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