PensionsJan 30 2023

Govt explores CDC decumulation schemes

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Govt explores CDC decumulation schemes
Decumulation-only CDC “could be very attractive to the current generation of private sector savers who have only ever known DC schemes" (Pexels/Maitree Rimthong)
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The Department for Work and Pensions is exploring if it could introduce legislation for collective defined contribution schemes exclusive for decumulation, since these could help “improve member choice and outcomes”.

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