29 Dec 2018, 18:44
29 Dec 2018, 19:05
29 Dec 2018, 19:06
rogersh wrote:It was stated by Terry Pullinger in the latest edition of "the voice" that the CDC scheme is expected to feature in the Queen's speech in May.
Would it be a correct assumption that earliest implementation would not be until April 2020 ?
29 Dec 2018, 19:26
29 Dec 2018, 19:31
29 Dec 2018, 20:54
30 Dec 2018, 01:32
30 Dec 2018, 11:00
30 Dec 2018, 11:37
Navalron wrote:Pensions ARE still the best way to save for retirement especially with RM contributions which are generous compared to most other companies and also the reduction in national insurance and tax. But like I've said in this section before, I hope that it does happen but I'm 99.9% sure that it wont.
30 Dec 2018, 12:31
30 Dec 2018, 16:09
I don't think the government would be consulting on it, if they weren't taking it seriously.
30 Dec 2018, 17:17
Woody Guthrie wrote:I don't think the government would be consulting on it, if they weren't taking it seriously.
At the moment the government has over 4,000 live consultation documents and almost 300 regarding pensions.
The fact that it's got to the consultation stage in almost 12 months means very little.
The government believes that it is right that we support innovation aimed at providing good outcomes for members seeking an income in retirement, and the type of pooled scheme proposed by RM deserves consideration.
With this in mind, we are focusing initially on creating an appropriate legislative framework for CDC schemes of the broad form and nature proposed by RM. The initial tranche of pooled risk schemes will have to operate within that framework.
We therefore propose to legislate to create the regulatory framework which will enable the type of CDC scheme proposed by RM to operate. We also intend to make provision for the legislation to be able to be modified and adapted by means of secondary legislation. This will allow us to take account of changes needed in the light of experience arising from RM. This will also allow for a more flexible and responsive approach if we need to adapt the regime for other CDC schemes.
12 Jan 2019, 22:27
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