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Industry supportive of TPR’s CDC code but calls for clarity on marketing and investment


By Jack Gray

The pensions industry has broadly welcomed The Pensions Regulator’s (TPR) proposals for a revised collective defined contribution (CDC) code of practice, but called for further consideration on marketing and investment strategy rules.

In December, TPR published a consultation on the CDC code to allow for the introduction of multi-employer CDC schemes, outlining the criteria for authorisation, TPR’s expectations of multi-employer CDC schemes, and how it will use its powers to support market delivery


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FCA urged to extend transfer reforms across whole DC market

Industry bodies have called for a coordinated, whole-of-market approach to the Financial Conduct Authority’s (FCA) proposed pension transfer reforms, warning that the measures risk falling short unless aligned across the defined contribution (DC) landscape

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Avon Cosmetics Pension Plan completes £235m BPA deal with M&G

Avon Cosmetics Pension Plan has completed a £235m bulk purchase annuity (BPA) deal with M&G, securing the benefits of more than 3,000 members

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Industry remains divided on DC VFM framework proposals

Industry opinion is divided on the government and regulators’ proposed new value for money (VFM) framework for workplace defined contribution (DC) pensions, according to a poll from Sackers

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Employers risk falling into ‘pension pitfalls’ amid growing complexity

Employers are at risk of falling into ‘pension pitfalls’ due to complex pension legislation and increased minimum wage, Hymans Robertson has warned

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Pensions UK appoints Phil Brown as head of DC and master trusts

Pensions UK has appointed Phil Brown as head of defined contribution (DC) and master trusts, alongside several other appointments to its policy and advocacy team

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Pension risk transfer market set to reach £70bn in 2026

The value of deals completed in the UK’s pension risk transfer market is expected to reach £70bn in 2026, according to WTW’s annual De-risking Report

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In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs

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