Government legislation update on retirement CDC schemes – Aptia reponds
The Pensions Minister, Torsten Bell, has confirmed that legislation enabling retirement CDC schemes will be brought forward as part of the government’s wider pensions reform agenda.
Responding to this, Malcolm Reynolds, Aptia’s UK President, said: ‘We welcome the Pensions Minister’s confirmation that legislation will be introduced later this year to allow retirement-CDC schemes. This builds on whole of life CDC regulations for non-associated multi-employer schemes which come into force in July.