Collective defined contribution (CDC) presents an opportunity to deliver better pensions for millions of savers. We believe CDC has a major role to play in the future of UK retirement savings.
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The potential to deliver higher pensions with the same amount being saved is an attractive prize. The opportunity to pool longevity risk solves one of the biggest challenges for DC savers – spending a set pot of money effectively over a time horizon could easily be 3 years or 30 years
For CDC to thrive and be inclusive for the benefit of members and employers across society, it should be designed to encompass a range of risk sharing options.
We’re working with our clients and the wider industry to deliver better risk sharing in DC today.
To help prepare for success, we’ve set out developments that the next government could adopt following the election.
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The pensions industry needs to do more to support good retirement outcomes for DC savers. The focus of this paper is risk sharing in retirement and how the various options might help DC savers, both in theory and in practice.
There’ll always be a significant amount of people who will not engage with their retirement savings, so we need to have a safety net in place to give people the best chance. Our latest research paper offers insights into creating a member-centric default decumulation solution for DC pensions.
Intergenerational risk sharing, like dynamite, is powerful but requires careful handling to avoid unintended consequences. Our publication explores how this concept works, highlighting the potential benefits of the CDC model, while also emphasising the imp
With CDC in the UK, we have the opportunity to get this right. How we do that, is the test.
Mark Stansfield explores the spectrum of designs between DB and DC schemes, and those in between
There have been many positive claims made about the potential for collective defined contribution (CDC) schemes, but immortality isn’t one.
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