Pensions minister Emma Reynolds expects fresh legislation for collective defined contribution (CDC) schemes to be laid next year – but they are not expected to feature “directly” in the pensions bill. Speaking at an event marking the recent launch of Royal Mail’s CDC scheme – the first of its kind …
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Reynolds gave the opening address at the Pension and Lifetime Savings Association (PLSA) annual conference in Liverpool today (15 October). “This reform will improve value for savers, remove costs from the system and also support investment opportunities.” Emma Reynolds The minister said the reforms set to be contained in the bill …
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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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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 …
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