United Kingdom: Collective Defined Contribution (CDC) decumulation products have the potential to allow pension savers to meet the goal of achieving a stable income in retirement from their defined contribution savings. A CDC decumulation scheme also has the potential to provide a higher initial income in retirement compared to the existing options in the UK pension landscape. We take a look at how “whole-life” CDC pensions work and how a CDC decumulation product could be a much needed new option for retirees.
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