Responding to the government’s introduction of new regulations for Collective Defined Contribution (CDC) pension schemes, the TUC’s Pensions Lead Jack Jones has shared his comments.
He said: “Everyone deserves to retire in dignity. Collective defined contribution schemes will deliver bigger pensions for their members and an income for life.
“Trade unions played a vital role in getting the first CDC scheme off the ground at the Royal Mail. And enabling multi-employer schemes will allow more employers to follow this example.
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“The next step is to make sure collective schemes become the norm so as many workers benefit as possible. The government’s Pension Commission can play a vital role in this.”
