DWP launches CDC expansion consultation
The Department for Work and Pensions (DWP) has opened a consultation on the expansion of collective defined contribution (CDC) schemes.
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The Department for Work and Pensions (DWP) has opened a consultation on the expansion of collective defined contribution (CDC) schemes.
A ‘well-designed’ collective defined contribution (CDC) scheme would have withstood recent market turmoil, according to Aon.
With the government expected to launch its first of two consultations on collective defined contribution (CDC) early next year, industry attention is demonstrably turning to CDC in decumulation and whether it could be a viable alternative to drawdown at retirement by turning pension pots into income for life.
Using collective defined contribution (CDC) schemes as a decumulation option could provide savers with a greater income in retirement, Aon research reveals.
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