Multi-employer CDC consultation success depends on striking the right balance

As the Department for Work and Pensions (DWP) closes its consultation on regulations for multi-employer Collective Defined Contribution (CDC) schemes, the Pensions and Lifetime Savings Association (PLSA) has submitted its detailed response.

Ruari Grant, Senior Policy Lead at the Pensions and Lifetime Savings Association, said; “With the Royal Mail CDC scheme marking a milestone for UK pensions, the focus now shifts to multi-employer schemes, which could transform retirement savings for participating organisations and their employees. These innovative models could provide tailored, secure pensions for millions in specific sectors, even if only a few are established initially. Success depends on striking the right balance—strong protections for members alongside flexibility for non-profit schemes to take the lead. There is an opportunity to redefine how employers and employees approach retirement savings in the UK.”

The full consultation response is available on the PLSA website.

Mark Smith, Head of Media Relations
020 7601 1726 | [email protected]

Cali Sullivan, PR Manager
020 7601 1761 | [email protected]

The PLSA welcomes the opportunity to shape the framework for these innovative pension models, which build on the landmark launch of the Royal Mail CDC scheme.

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