Category Archives: CDC
When should pensions be cut in a CDC arrangement? – Con Keating
Or equivalently: how much risk to members’ pensions is there in mutually offered funded pension? The setting is the DB type pension (Cdb) of some fixed proportion of, say, final salary. Typically, for mature schemes these represent amounts which are … Continue reading
Some commercial considerations for CDC
So who’s going to “sell” CDC? What an odd question! I can see the friends of CDC choking over their cornflakes at my asking this question. In the gentile world of policy- it is rarely done to use the “s” word! … Continue reading
Posted in actuaries, advice gap, CDC, pensions
Tagged CDC, CETV, Defined Ambition, Incentivisation, pension, Tax, Wage for life, workplace Pensions
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“Might young people do well from CDC?” – Con Keating’s thinking on investments.
In a risk-obsessed world, Con Keating observes that it’s its absence of risk-management that could be CDC’s greatest boon to the young. The new member joining a collective DC scheme is contributing marginally to a collective fund. This fund is itself … Continue reading
Posted in CDC, pensions
Tagged CDC, Con Keating, de-risking, milennials, pensins, Young People
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Opting back into a pension scheme?!?
One of the uses of a CDC scheme could be to allow people who have opted out of a DB plan – to opt back into a scheme which pays them a wage for life – albeit one that isn’t … Continue reading
Posted in advice gap, auto-enrolment, CDC, pensions
Tagged BSPS, CARE, CDC, NHS, Old age, pension, pensions, Retirement, tata, Wage for life
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What is CDC and does it matter?
Collective Defined Contribution Schemes (CDC) are back in the news. There are two reasons for this The Workplace and Pensions Committee have set up an enquiry into CDC Royal Mail and the CWU intend to move to a CDC basis … Continue reading
Posted in CDC, dc pensions, de-risking, defined ambition, pensions
Tagged CDC, dc, Defined Ambition, pensions, risk sharing
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Con Keating’s prepares his thoughts on CDC
Like many of us, Con’s thoughts are on how we can best restore confidence in pensions using CDC , here we catch him thinking about the W&P inquiry. For those whose thoughts are tuned to pensions (as well as retirement … Continue reading
Can we have our pension dashboard back?
The DWP, flush with successfully delivering auto-enrolment is now setting its sights on delivering a “pension dashboard”. The dashboard should allow every adult in the UK to see their pension rights, not just from the State, but from occupational and … Continue reading
Posted in advice gap, CDC, pensions
Tagged CDC, Dashboard, DWP, Pension Dashboard, pensions
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Target pensions – freedom from freedoms
Last week I ran a couple of meetings of the Friends of CDC, a loose affiliation of pension people with a view that CDC can offer a solution to some of the intractable problems people face in retirement. Let’s start … Continue reading
Defined ambition – a trap avoided
This is a technical note from Con Keating that explains why mark-to-market accounting really doesn’t work for CDC. He sets out a more equitable basis for measuring funding. See if you can follow Con’s logic – I think I can … Continue reading
“What is CDC promising?” – Con Keating
In this article , first published in Pension Expert, Con Keating explains that while CDC is promising very little – which is why it is a concept of our time. The inquiry into Collective Defined Contribution pensions announced by the parliamentary … Continue reading