Member

In conclusion, unconnected multiple employer CDC schemes are an important addition to the UK pensions landscape. When well designed and well run, which this instrument will ensure, they can help tackle the challenges we face. Our pensions world needs to change; we want pensions, not just savings pots. With the appetite for CDC growing among employers, the effect of this instrument will be to pave the way for potentially millions more savers to access its benefits. The Government are laying the legislative foundations, and it is now for industry to realise that potential. I commend this instrument to the Committee.