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The next phase for collective defined contribution (CDC) schemes in the UK

Tue 09 Dec 2025 -
11:00 - 12:00 (GMT)

In October 2025 we saw the culmination of phase two of UK CDC development, with the laying of legislation to enable unconnected multiple employer CDC schemes. This could significantly broaden access to CDC pensions.

At the same time, a consultation on retirement CDC was launched to mark the start of phase three. Retirement CDC will open the benefits of CDC membership in retirement to many people in the UK currently saving into a defined contribution scheme, offering a wider range of options to those who have spent years building up an individual pension pot. 
 
This session will provide an overview of these recent CDC developments and dive deeper into the key actuarial aspects being consulted on. Members of the CDC working party will share views about how these recent announcements could be the catalyst for CDC growth in the coming years, provide an overview of expected timelines, and debate the key challenges. 

 

Speakers

  • Keith McInally, WTW
  • Catherine Donnelly, Professor at Heriot-Watt University
  • Chair: Patrick Singleton, XPS Group

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