Under CDC schemes, employers and employees pay a fixed rate of contributions, collected in a manner similar to defined contribution schemes. Benefits are paid with a target in mind, similar to defined benefit schemes, but with the prospect of variable increases — and the possibility of decreases. The aim is …
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ACA’s 2021 pension trends survey, which received 212 responses from employers covering 400 schemes, found 21 per cent expressed interest in exploring CDC for their own companies, while more than half (54 per cent) backed extending CDC beyond the Royal Mail scheme, which is expected to launch next year. Support …
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By Tom Higgins | November 18, 2021 On the go: The Royal Mail’s new collective defined contribution plan will have a fixed employer contribution of 13.6 per cent, as well as a standard employee contribution of 6 per cent, the group confirmed on Thursday. As outlined in the postal company’s …
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The Royal Mail Collective Pension Plan, which is the first known example of these new type of pension funds coming to fruition following the provisions passed in the Pension Schemes Act 2021, will consist of the a CDC section and a cash lump sum section. A Department for Work and Pensions …
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