TUC: Pensions consultation a welcome opportunity to reduce risk to savers

Wednesday 07 Nov 2018 @ 11:20
WiredGov Newswire (news from other organisations)

TUC General Secretary Frances O’Grady commented on the launch yesterday of a government consultation ahead of legislation on collective defined contribution (CDC) pension schemes

“Workers saving for retirement are crying out for an alternative to the pensions lottery they face, which heaps all the risk on their shoulders.

“We welcome the government’s drive to allow organisations to offer collective defined contribution pensions. By sharing risk between members, these schemes give savers a better chance of a decent standard of living in old age.”

Delivering collective defined contribution pension schemes

Original article link: https://www.tuc.org.uk/news/pensions-consultation-welcome-opportunity-reduce-risk-savers-says-tuc

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