XPS Pensions backs CDC pension proposal with caveats

 

XPS Pensions Group, the influential pension consulting and administration firm, has voiced its support for the government’s proposal to introduce Collective Defined Contribution pension schemes.

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CDCs will be limited to 0.75% charge cap

The DWP has detailed its plans today for a new occupational pension scheme - with promises that members using the Collective Defined Contribution (CDC) schemes will be ‘protected’ from excessive fees by a 0.75% charge cap.

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DWP consults on new ‘Collective’ Defined Contribution pensions

The Department for Work and Pensions is to consult on introducing large-scale Collective Defined Contribution (CDC) pension schemes although but it may be years before they arrive, according to one expert.

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