Source · Select Committees · Work and Pensions Committee
Recommendation 12
12
Deferred
For CDC schemes to provide a realistic alternative to annuities, people with defined contribution pension...
Recommendation
For CDC schemes to provide a realistic alternative to annuities, people with defined contribution pension pots need the option to be able to transfer to decumulation- only CDC schemes. In future these may be available through master-trusts regulated by the Pensions Regulator. We recommend that the Financial Conduct Authority consider whether there is also a case for developing contract-based CDC schemes and publish its findings. (Paragraph 53) Supporting decision making at the point of access
Government response summary AI-generated
The government will consider the recommendation in more detail, noting a Pensions Policy Institute DC data project and ongoing consultation on Pensions Dashboards Regulations, but does not commit to any specific action at this time.
Summary of the government's response below — read the verbatim text to verify.
Government Response
Deferred
HM Government · verbatim extract
Deferred
We understand that the FCA will be responding to this recommendation separately. Supporting decision making at the point of access
Read the full response on Parliament ↗