In America they have a love for CDC (it’s just the wrong one)
Coffee Morning – CDC – Why wait?
Attending CPD included
Join here: for Tuesday 27th January at 10.30pm
You are cordially invited to attend our next online “Roundtable” – CDC Why Wait?
The Government’s press release says that CDC schemes could increase retirement incomes by as much as 60%.
If you were offered a 60% pay rise, would you ask to have it deferred till 2029?
The master trusts assume employers will wait for Retirement CDC but there are several employers who want to go ahead as soon as possible. Why?
The Government’s 60% better pension is based on saving for the whole of your working life into a CDC plan. The figure’s worked out by clever actuaries from top consultancies who reckon the pay rise reduces to.
Hymans Robertson see the pay rise coming down a lot if you wait till retirement to transfer your pension “pot
“Retirement CDC has the potential to deliver between 25% and 50% higher income in retirement than a DC member purchasing an annuity or following a drawdown strategy”.
There are also issues with timing when transferring DC pots into a CDC pension.
Pressure from unions and other employer representatives is building for action!
At this week’s session, the usual CDC enthusiasts including Henry Tapper and Chris Bunford were joined by recent converts Tom McPhail & Bobby Riddaway.
They’ve all agreed to join again next week!
Over 50 people attended our last CDC event, let’s see us building on that number on 27th January at 10.30am
Join: https://teams.microsoft.com/meet/37687312973044?p=b3sV9Nu29vHzXF2AfR
See you there.
CDC is much loved all around the world!