Tue 05 Nov 2024 - Join us for an insightful webinar on the design of Collective Defined Contribution (CDC) pension schemes.
The IFoA CDC working party have been studying the design of CDC pensions schemes and recently published a paper on design principles, that can be viewed on the IFoA's Virtual Learning Environment.
Speakers, Keith McInally and James Franklin-Adams will present the findings of this paper and address any questions you may have.
CDC schemes are a new kind of pension scheme for the UK, featuring fixed contributions, investing collectively and paying variable income for life. They provide advantages for workers and employers over other pension designs and also bring new challenges for pension design and management. Actuaries have a large part to play in this work.
CDC schemes were first enabled in the UK by the Pension Schemes Act 2021, with further variations due to be enabled in future. The UK’s first CDC scheme – the Royal Mail Collective Plan launched on 7 October 2024.
James Franklin-Adams and Keith McInally, Collective Defined Contribution Working Party