CDC: Developing a framework for the next government

Collective Defined Contribution (CDC) should be designed to encompass a range of risk sharing options which can deliver good member outcomes claims Hymans Robertson in its new paper DC: Developing a framework for the next government. It argues that CDC should be approached innovatively and include different options, from whole of life CDC through to decumulation only market-based CDC. The pension and financial services consultant also warns that innovation of the scale needed for the success of CDC will take time, effort and ingenuity.