Events listed in Pension Schemes Act 2017
Extending opportunities for collective defined contribution pension schemes
ID 24299
On July 21, 2023, the Department for Work & Pensions (DWP) published a response paper in relation to its consultation which was launched in January 2023 to (a) expand the opportunities of collective defined contribution (CDC) pension schemes to cover multiple employer schemes, where multiple employers join together to create a single pension fund to share administrative costs and gain bargaining powers; and (b) ...
Extending Opportunities for Collective Defined Contribution Pension Schemes
ID 21624
The Department for Work and Pensions (DWP) has launched another consultation relating to collective defined contribution pension schemes (CDCs). Specifically, the DWP seeks to broaden the opportunities of CDCs „beyond single or connected employer schemes to accommodate multi-employer schemes“ and master trust schemes which could provide „whole-life“ pension products accumulating and decumulating pension benefits – or either of the two. Additional ...