Stay updated with breaking news from Simon Eagle. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Is it too late to stop the clock before defined benefit (DB) pensions are consigned to history? Stephanie Hawthorne urges a return to ‘DB lite’ in place of today’s defined contribution (DC) workplace “retirement roulette”.
News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service
The Department for Work and Pensions will consult on ‘a package of prospective design principles’ to accommodate new types of collective defined contribution (CDC) schemes later this year.
Collective DC plans a new part of U.K. retirement matrix New approach shares investment, longevity risks to boost benefits Simon Eagle said utility and industrial companies are especially interested in the new law. Collective defined contribution plans could soon see a widespread rollout in the U.K. as employers move away from defined benefit plans but still seek secure retirement outcomes for employees, consultants said. Following the final enactment of the Pension Schemes Act 2021 on Feb. 11, collective DC plans, where employees share investment and longevity risk, can be established by pla...