Tag Archives: CDC

There is “real potential” for collective defined contribution (CDC) schemes to take off in the UK through master trusts, according to Willis Towers Watson (WTW) director and senior consulting actuary, Shriti Jadav. Speaking at the Trades Union Conference (TUC) Pensions Conference, Jadav commented that while CDC schemes were likely to …

The Royal Mail Defined Benefit Cash Balance Scheme (DBCBS) deficit has grown to £177m as at 31 March 2020, up from £72m at 31 March 2019. The scheme, which has been in place since 1 April 2018, is a transitional arrangement until Royal Mail’s proposed collective defined contribution (CDC) scheme …

With a raft of changes mapped out for the industry, pensions minister Guy Opperman says reforms will place customers at their core. With a raft of changes mapped out for the industry, pensions minister Guy Opperman says reforms will place customers at their core. This government has delivered pension reforms …

Opperman: Cross-party consensus is vital for the bill The pensions schemes bill will digitalise pensions and provide savers with greater confidence for retirement, Guy Opperman has said. In a video recorded for the Pensions and Lifetime Savings Association (PLSA) annual conference today (17 October), the pensions and financial inclusion minister …

2018 saw a raft of consultations rushed through as Guy Opperman, Minister for Pensions and Financial Inclusion, promised to deliver a Pensions Bill in 2019. The bill aims to bring an end to the tinkering with pensions for some time. However, initially expected in May, the bill has been repeatedly …

Collective defined contribution (CDC) pension schemes are “the most intergenerationally fair” type of pension if buffers are not used, Royal Mail has said. Speaking at the Westminster Business Forum, Royal Mail chief risk and governance officer, Jon Millidge, stated that he felt the firm’s CDC plan had been miscommunicated to …