Collective Defined Contribution Pensions
CDC – Delivering better retirement outcomes
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.
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.
If you have any questions in relation to our work on CDC, please get in touch.
CDC: Developing a framework for the next government
To help prepare for success, we’ve set out developments that the next government could adopt following the election.
Intergenerational risk sharing: it’s dynamite!
Risk sharing: an age old solution to the old age problem
Designing decumulation defaults in DC pensions
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