Pensions - Articles - Aon online quiz helps answer Is CDC right for my scheme


Aon have launched an online quiz that UK employers and pension scheme trustees can use to explore how a Collective Defined Contribution (CDC) scheme could meet their future needs.

 ‘Is CDC right for my scheme?’, Aon’s CDC-simplified tool, asks 10 questions that allow those currently running schemes – whether defined benefit (DB) or defined contribution (DC) – to see if a CDC pension scheme could be right for them. Based on the answers to each of the questions, respondents can also establish which ‘flavour’ of CDC might be suitable for their circumstances.

 Chintan Gandhi, partner and head of CDC at Aon, said: “Now that CDC schemes are a real option, we are seeing an increasing number of industries, organisations and pension schemes looking to gain a greater understanding of this innovative approach. They want to see whether it might be suitable for them - and, if so, in which form. There is a growing awareness that CDC provides pension savers with access to an income for life in retirement, and from fixed-cost DC savings – all without having to make complex financial and investment decisions.

 “Our online quiz is a quick and simple way of navigating the CDC options that will emerge. Some flavours of CDC are likely to be more appropriate for different industries, organisations and schemes – whether they currently offer just DB, just DC, or, as with many, a combination of both. The way you answer our quiz gives a steer towards the flavour of CDC that could help address your specific needs over time.”

 ‘Is CDC right for my scheme?’ is available here.
  

Back to Index


Similar News to this Story

State pensioners to get above inflation triple lock boost
The Office for National Statistics has announced that the Consumer Prices Index (CPI) rose by 2.8% in the 12 months to February 2025, down from the 3.
Pensions for 9 in 10 DC savers invest in productive assets
TPR says larger schemes more likely to have the right governance standards and invest in a diversified portfolio. Smaller schemes seem less likely to
Transfer Activity index fell to record low in February 2025
XPS Group’s Transfer Activity Index has fallen to the lowest observed rate since the Index was established in 2018. In February 2025, there was an ann

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.