Committees

Collective defined contribution pension schemes inquiry

Inquiry

The Committee invites evidence from any interested parties on any or all of the following questions:

Benefits to savers and the wider economy:

  • Would CDC deliver tangible benefits to savers compared with other models?
  • How would a continental-style collective approach work alongside individual freedom and choice?
  • Does this risk creating extra complexity and confusion? Would savers understand and trust the income ‘ambition’ offered by CDC?

Converting DB schemes to CDC:

  • Could seriously underfunded DB pension schemes be resolved by changing their pension contract to CDC, along Dutch lines?
  • How would this be regulated and how would the loss of DB pension promises to scheme members be addressed?

Regulation, governance and industry issues:

  • How would CDCs be regulated?
  • Is there appetite among employers and the UK pension industry to deliver CDC?
  • Would CDC funds have a clearer view towards investing for the long term?

Chair's comments

Rt Hon Frank Field MP, Chair of the Committee, said:

"What the Select Committee is aiming for is to retain some of the best features of company schemes in a different age when employers are no longer willing or able to sustain the burden of final salary promises to employees, who could club together and pool the risk themselves".

Upcoming events

View all events

No upcoming events scheduled

Past events

Wednesday 14 March 2018
9:30am Public
Collective defined contribution pension schemes inquiry - Oral evidence 14 March 2018
Room 6, Palace of Westminster
Wednesday 21 February 2018
9:30am Public
Collective defined contribution pension schemes inquiry - Oral evidence 21 February 2018
The Wilson Room, Portcullis House

Contact us

We can’t usually help you with an individual problem or a specific complaint.

  • Email: workpencom@parliament.uk
  • Phone: 020 7219 8976 | 020 7219 1679 (Media)
  • Address: Work and Pensions Committee | House of Commons | London | SW1A 0AA