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CDC is finally here!

Defined Benefit (DB) pensions have given employers headaches in recent decades. Volatile financial markets and regulatory change have led to increased costs and risks for employers with DB schemes.

With Defined Contribution (DC), on the other hand, it’s the scheme members who get the headache. These individual-based saving pots make it impossible to work out exactly how much to contribute, resulting in unpredictable retirement income.

CDC is a fundamentally new type of pension scheme, offering advantages to employers and members alike:

  • No risk of cost increases for the employer
  • Higher and more reliable retirement income for the member, compared with DC.

How can First Actuarial help?

As unrivalled CDC specialists, First Actuarial should be your first port of call if you’re interested in finding out more.

We are offering a complimentary training session to any organisation interested in what CDC can offer. We will take you through the basics and you’ll have ample opportunity to discuss how it could work for you.

At First Actuarial, we pride ourselves on designing schemes to meet the individual needs of each client. Because CDC and the ideas that underpin it are new to the UK, design issues need particularly careful consideration.

If you decide to set up a CDC scheme, we’ll give you the support you need from beginning to end. We’ll design the scheme with full input from our actuarial and investment consultants. And we will then guide you through The Pensions Regulator’s authorisation process.

Register for a free CDC training session

We are offering a complimentary training session to any organisation interested in what CDC can offer. We’ll take you through the basics and give you ample opportunity to discuss how it could work for your organisation or scheme.

Book a CDC training session

Why First Actuarial?

First Actuarial is at the forefront of introducing CDC schemes in the UK.

When Royal Mail proposed replacing its DB pension fund with individual DC arrangements, the Communication Workers Union (CWU) enlisted the help of First Actuarial. We proposed the idea of CDC to Royal Mail and played an instrumental role in the successful negotiations that followed.

As a result, Royal Mail is now introducing the UK’s first CDC scheme, which will provide a career-average pension of 1/80 of pay for each year’s service.

Our pioneering role makes us the best people for you to work with on CDC. We will give you more choices of ideas and designs than any other consultancy.

Get in touch

Find out more about CDC and the complimentary training session we’re offering. Get in touch with one of our CDC specialists today.

I'd like to find out more about CDC

First Actuarial stood shoulder to shoulder with us, and together with Royal Mail we’ve helped make CDC happen. I can’t speak highly enough about First Actuarial – their people have been brilliant. The journey has been inspirational, nothing but a positive experience.

– Terry Pullinger, Deputy General Secretary (Postal), CWU

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