Aptia welcomes the new regulations for unconnected multi-employer CDC pension schemes, which come into force today - a milestone that, over time, could transform retirement outcomes for millions of UK savers.
These new regulations allow CDC arrangements to operate across multiple unconnected employers, unlocking the potential for master trust-style schemes to deliver more predictable and sustainable retirement incomes at scale.
Having long championed CDC as an important innovation in the pensions market, Aptia sees the reforms as a significant step towards tackling the challenges faced by defined contribution savers and helping more people achieve greater financial security in retirement.
Guy Opperman, former Pensions Minister and Strategic Adviser at Aptia, said: ‘Today’s announcement is a landmark moment for UK pensions and a major step towards making CDC a reality for millions more savers. CDC has the potential to be a game-changer, offering significantly improved member outcomes and greater income stability in retirement at a time when many people are worried about their financial future. We know this is a real concern as recent research carried out by Aptia found that 70% of people approaching retirement are concerned their pension savings will not keep pace with the cost of living.
‘The focus now must be on turning the promise of CDC into practical, trusted solutions. That means building awareness and understanding, delivering clear and engaging member communications, achieving the scale needed to maximise value, and maintaining strong governance. If government, regulators and the pensions industry work together, CDC can become a mainstream feature of the UK retirement system and help deliver brighter futures for generations of savers.’
NOTES TO EDITORS
Founded to shape the future of pensions, health, and insurance solutions, Aptia is a leading UK pensions administrator and US employee benefits administrator dedicated to simplifying complexity for businesses and individuals. It brings together cutting-edge technology and deep industry expertise to help organisations navigate an evolving landscape with clarity and confidence.
Aptia is the UK’s largest private-sector third-party administrator serving 1,600 clients and more than 3 million members, delivering solutions that drive efficiency, enhance financial security, and provide peace of mind.
Aptia has a presence in the UK, US, India. Aptia’s strength lies in the combination of smart technology and expert teams, ensuring that managing pensions, health, and insurance is more effective. By focusing on innovation, accessibility, and client success, Aptia helps businesses take care of their people, so they can focus on what they do best.
For more information contact:
Corinne Gladstone, Aptia Head of Corporate Communications & Public Relations.
Email: media.enquiries@aptia-group.com
Tel: 07989 448075
Sam Emery/ Emma Murphy/ Robbie Lawther/Bruno Aldridge, Quill PR
Email: Aptia@quillpr.com
