UK. TPR to accept multi-employer CDC scheme applications
The new framework gives employers and members an alternative to traditional defined benefit (DB) and defined contribution (DC) pension arrangements, building on the single-employer system introduced in 2021. CDC schemes offer a target retirement income for life rather than relying on individual pension pots, with benefits adjusted depending on investment performance and funding position. TPR urged organisations that are considering launching a CDC scheme to engage early with its supervision teams and Innovation Support Service. It has also published new...
