Source · Select Committees · Work and Pensions Committee
Recommendation 9
9
Paragraph: 50
The Pension Schemes Act 2021 enabled collective defined contribution (CDC) schemes, which provide retirement incomes...
Conclusion
The Pension Schemes Act 2021 enabled collective defined contribution (CDC) schemes, which provide retirement incomes from a collective fund. The income from the fund received by members varies depending on how the fund performs. There is demand for the further development of CDC schemes in future and it is therefore right that the Government continues to support this. We welcome the Government’s intention to start consultations on master trust and multi-employer CDC schemes later this year.
Paragraph Reference:
50
Government Response
Acknowledged
HM Government
Acknowledged
We understand that the FCA will be responding to this recommendation separately. Government and Financial Conduct Authority Responses to the Committee’s Fifth Report 9