RM CDC scheme to increase annual payroll costs by GBP30 million

[Trumanity]

I would imagine some degree of separation from the previous decision making would be necessary before RM could walk away from CDC.

Something like a takeover perhaps and a complete change of board members. Maybe even a change of name.

Is that scenario likely?

I don't think to be fair there's much appetite for CDC in the pension market as such but I do think the government is keen to see it happening because they can probably see the inevitable flaw in the DC market where people cash out go a bit spending nuts and end up relying on the state/pension credit in their old age.

Government's don't like that..

Kretinsky = No CDC

[Trumanity]

I would imagine some degree of separation from the previous decision making would be necessary before RM could walk away from CDC.

Something like a takeover perhaps and a complete change of board members. Maybe even a change of name.

Is that scenario likely?

I don't think to be fair there's much appetite for CDC in the pension market as such but I do think the government is keen to see it happening because they can probably see the inevitable flaw in the DC market where people cash out go a bit spending nuts and end up relying on the state/pension credit in their old age.

Government's don't like that..

Kretinsky = No CDC

Self-employed owner drivers = no pension