CDC consultation launched

Trustees Agenda posted on 6 November, 2018

The DWP has launched a consultation on collective defined contribution (CDC) schemes, which seeks views on specific aspects of the policy but does not include draft legislation. One of the proposals is to make CDC pension schemes subject to the same charge cap as DC schemes, 0.75% per annum. The Government has also proposed, once CDC schemes are authorised, that they will be required to undertake annual actuarial valuations. The consultation is due to close on 16 January 2019.