COLLECTIVE DEFINED CONTRIBUTION EXPLAINED
- 9 minutes
- Workplace Savings
- Published July 2019
Collective Defined Contribution (CDC) is a new concept in workplace pensions which the Government is currently exploring. The publicity which the Government consultation has attracted means that some employers and their advisers are seeking to understand the concept and determine whether this is something they should be thinking about for their workforce in the future.
COLLECTIVE DEFINED CONTRIBUTION
In this short video our policy lead, Pete Glancy, has taken on the challenge of explaining the concept in simple terms and considering both the benefits and the challenges of CDC.