Today Terry Pullinger and I are in Brighton talking to union representatives working for employers with unionised workforces.
We’re spending our Sunday explaining to ordinary workers what CDC does for staff and how employers can consider it.
We’re happy to talk with you , your employer’s executive (you may be a boss) and your pension team (if your firm has one).
We know there’s a pension crisis among those retiring today, especially those who don’t have DB pensions and rely on what the State provides.
Whatever happens to contributions (and we hope they go up) it will take time to make a difference.
We think there’s an easier way of improving pensions. It means switching from DC to CDC for contributions going forward.
Most workplace pensions can be switched to CDC simply and with little disruption.
CDC is not right for every firm, some workforces will prefer the flexibility they have with “pension freedom”. Some employees may want to “self invest” and some workers may have little expectation of living long.
We’re talking with staff of several firms today ; we could talk with you and your firm as well.
You won’t get a meeting with two fellows who are more committed to getting CDC understood.
We’ve got a CDC proposition we will submit for authorisation shortly and we’d like to talk with you about it in due course.
But right now we want you to know what a CDC pension is. We’re so excited we’re giving up a summer Sunday to talk with people who are giving us an hour of their time!
