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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