Are Collective Defined Contribution (CDC) pension schemes the future of the UK Pensions industry or simply a distraction from other important issues? In this article for the April 2018 edition of Pensions Age, Tom Hibbard, Head of Pensions Business Development at Simplitium, weighs in on the debate.
“CDC allows you to invest collectively, but still own a slice of the total assets,” he explains. “This ‘equitable interest’ can be valued at any point, giving members an instant transfer value that they can take under freedom and choice without having any effect on the value of other members’ pensions.”
Changing Time or Wasting Time? pg. 61
Read the full article here.