CDC regulations published but 'job half done' says minister

Industry called on to provide feedback on what schemes must do to become authorised

Hope William-Smith
clock • 3 min read

The government has released draft regulations for the running of collective defined contribution (CDC) schemes and is calling for feedback and suggestions on its plans.

In a consultation published today (19 July) the government outlined its proposed regulations for CDC and the areas in which it is seeking industry feedback or assistance. These are: scope and application, application process, authorisation criteria, valuation and benefit adjustment, supervision framework, publication and disclosure of information, and member protection and transfers. The government said it was also seeking views on "associated consequential changes" that will implement the new authorisation and supervision regime for CDC under the Pension Schemes Act 2021. It comes...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

IHT shake-up: What will come of SSAS discretionary death benefits?

IHT shake-up: What will come of SSAS discretionary death benefits?

'Essential that issues are addressed and rectified in the draft rules'

Caitlin Southall
clock 17 February 2025 • 4 min read
WBR Group acquires £403m SSAS book from Standard Life

WBR Group acquires £403m SSAS book from Standard Life

Administered SL's SSAS book for more than 20 years

Jenna Brown
clock 13 February 2025 • 1 min read
'Strong case' for automatic consolidation of small pensions, IFS argues

'Strong case' for automatic consolidation of small pensions, IFS argues

Think tank calls on the government to ‘end and reverse’ the proliferation of small pots

Holly Roach
clock 12 February 2025 • 4 min read