The Department for Work and Pensions is establishing a regulatory framework for Collective Defined Contribution (CDC) pension schemes, which pool investment and longevity risks across members while providing defined benefits. The Collective Defined Contribution Pension Schemes Bill and supporting regulations (including the 2025 Extension to Unconnected Multiple Employer Schemes Regulations) are being implemented to authorise and supervise these schemes. The Pensions Regulator has issued codes of practice on authorisation and supervision, with the policy currently in active implementation phase.
Explanatory Memorandum to The Pensions Regulator Code of Practice: Authorisation and Supervision of Collective Defined Contribution Schemes 2026.
This Order, which corresponds to an Order (S.I. 2026/133) made by the Secretary of State for Work and Pensions under section 109(4) of the Pension Schemes Act 1993, specifies 3 per cent as the percentage by which that part of …
This Order makes provision for the annual increase of the part of guaranteed minimum pensions attributable to earnings factors for the tax years 1988–89 to 1996–97. Guaranteed minimum pensions are payable by defined benefit occupational pension schemes that were contracted …
Public consultation on a policy framework for a new type of Collective Defined Contribution scheme to be used in retirement.
This Order, which corresponds to an Order (S.I. 2025/1211) made by the Secretary of State for Work and Pensions under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant …
Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the …
Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the …
Public consultation on a policy framework for a new type of Collective Defined Contribution scheme to be used in retirement.
In response to: The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconn…
Public consultation on draft legislation to extend Collective Defined Contribution (CDC) provision to whole-life unconnected multiple employer schemes and other related provisions.
This Order, which corresponds to an Order (S.I. 2025/264) made by the Secretary of State for Work and Pensions under section 109(4) of the Pension Schemes Act 1993, specifies 1.7 per cent. as the percentage by which that part of …
This Order specifies 1.7 per cent. as the percentage by which that part of guaranteed minimum pensions attributable to earnings factors for the tax years 1988–89 to 1996–97 and payable by contracted-out, defined benefit occupational pension schemes is to be …
This Order, which corresponds to an Order (S.I. 2024/1174) made by the Secretary of State for Work and Pensions under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant …
Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the …
Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the …
Public consultation on draft legislation to extend Collective Defined Contribution (CDC) provision to whole-life unconnected multiple employer schemes and other related provisions.
Public consultation on draft legislation to extend Collective Defined Contribution (CDC) provision to whole-life unconnected multiple employer schemes and other related provisions.
This Order, which corresponds to an Order (S.I. 2024/243) made by the Secretary of State for Work and Pensions under section 109(4) of the Pension Schemes Act 1993, specifies 3 per cent. as the percentage by which that part of …
This Order specifies 3 per cent. as the percentage by which that part of guaranteed minimum pensions attributable to earnings factors for the tax years 1988-89 to 1996-97 and payable by contracted-out, defined benefit occupational pension schemes is to be …
These Regulations amend the Occupational and Personal Pension Schemes (General Levy) Regulations 2005 (S.I. 2005/626) by replacing paragraphs 2 to 13 of the Schedule to those Regulations. In doing so these Regulations specify the figures that are to be used …
These Regulations amend the Occupational and Personal Pension Schemes (General Levy) Regulations 2005 (S.I. 2005/626) by replacing paragraphs 2 to 13 of the Schedule to those Regulations. In doing so these Regulations specify the figures that are to be used …
This Order, which corresponds to an Order (S.I. 2023/1265) made by the Secretary of State for Work and Pensions under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant …
Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the …
In response to: Extending opportunities for collective defined contribution pension schemes
In response to: Extending opportunities for collective defined contribution pension schemes
Public consultation on a policy framework for broadening Collective Defined Contribution provision.
Public consultation on a policy framework for broadening Collective Defined Contribution provision.
This Order, which corresponds to an Order (S.I. 2023/270) made by the Secretary of State for Work and Pensions under section 109(4) of the Pension Schemes Act 1993, specifies 3 per cent. as the percentage by which that part of …
This Order specifies 3 per cent. as the percentage by which that part of guaranteed minimum pensions attributable to earnings factors for the tax years 1988-89 to 1996-97 and payable by contracted-out, defined benefit occupational pension schemes is to be …
Public consultation on a policy framework for broadening Collective Defined Contribution provision.
Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the …
Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the …
These Regulations make consequential and miscellaneous amendments in relation to schemes and sections of schemes providing collective money purchase benefits (“collective money purchase schemes”).
These Regulations make consequential and miscellaneous amendments in relation to schemes and sections of schemes providing collective money purchase benefits (“collective money purchase schemes”).
These Regulations narrow the scope of investments that come within the definition of “employer-related investments” for large Master Trust schemes with 500 or more participating employers.
This Order specifies 3 per cent. as the percentage by which that part of guaranteed minimum pensions attributable to earnings factors for the tax years 1988-89 to 1996-97 and payable by contracted-out, defined benefit occupational pension schemes is to be …
This Order, which corresponds to an Order (S.I. 2022/297) made by the Secretary of State for Work and Pensions under section 109(4) of the Pension Schemes Act 1993, specifies 3 per cent. as the percentage by which that part of …
These Regulations make provision in relation to the revaluation of guaranteed minimum pensions (GMPs).
Regulation 2 of these Regulations amends the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734) (“the 2013 Regulations”) and in so doing consequentially modifies the effect of related provisions of the Pension Schemes Act 1993 (c. …
In response to: The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2021
In response to: The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2021
Consultation on Draft Regulations to support Part 1 of the Pension Schemes Act 2021 and associated consequential changes.
This Order, which corresponds to an Order (S.I. 2021/1308) made by the Secretary of State for Work and Pensions under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant …
Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the …
These Regulations prescribe the conditions for pension transfers that the Secretary of State is required to prescribe further to the amendments made by section 125 (exercise of right to cash equivalent) of the Pension Schemes Act 2021 (c. 1) to …
These Regulations amend the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734) (“the Disclosure Regulations”).
Consultation on Draft Regulations to support Part 1 of the Pension Schemes Act 2021 and associated consequential changes.
Consultation on Draft Regulations to support Part 1 of the Pension Schemes Act 2021 and associated consequential changes.
This Order, which corresponds to an Order (S.I. 2021/163) made by the Secretary of State for Work and Pensions under section 109(4) of the Pension Schemes Act 1993, specifies 0∙5 per cent. as the percentage by which that part of …
This Order, which corresponds to an Order (S.I. 2020/1332) made by the Secretary of State for Work and Pensions under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993, specifies appropriate revaluation percentages. The percentages specified are relevant …
Section 84 of the Pension Schemes Act 1993 (c. 48) requires pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the purposes …
This Order specifies 1.7 per cent. as the percentage by which that part of guaranteed minimum pensions attributable to earnings factors for the tax years 1988-89 to 1996-97 and payable by contracted-out, defined benefit occupational pension schemes is to be …
This Order, which corresponds to an Order (S.I. 2020/235) made by the Secretary of State for Work and Pensions under section 109(4) of the Pension Schemes Act 1993, specifies 1∙7 per cent. as the percentage by which that part of …
In response to: Delivering collective defined contribution pension schemes
This consultation sets out the government’s proposals for CDC pension schemes.
This consultation sets out the government’s proposals for CDC pension schemes.
This consultation sets out the government’s proposals for CDC pension schemes.
A Bill to enable the establishment of collective defined contribution pension schemes; and for connected purposes.