Tuesday, September 05, 2023
COLLECTIVE PENSIONS: IMPROVING INCOME AFTER WORK - TUC Fringe 23
Next tuesday 12 September 2023 at 12.45 - 2pm I will be a panel speaker at a TUC fringe at Congress in Liverpool sponsored by First Actuarial LLP.
I am at TUC as a UNISON NEC delegate but will be speaking at this fringe as a trade union pension activist/LGPS Board member etc.
Check out some of my previous posts on Collective Defined Contribution schemes (CDC)
"Many members of trade unions no longer have access to good quality defined benefit pensions. Instead they are auto-enrolled into individual defined contribution schemes often with very low employer contributions which are unlikely to provide dignity in retirement. Legislation now allows a new type of scheme: collective defined contribution. These schemes have the potential to really improve the income workers receive in retirement. This session will look at how these schemes work, where they might be appropriate and how trade unions can get them onto their bargaining agenda.