Member

Opening CDCs to multi-employer schemes could be a significant step forward—the efficiency gains, the ability to smooth investment volatility and the principle that every penny goes to the members they serve are all compelling features—but good ideas need good foundations. Wider and more lateral thinking will be required if this model is to succeed. The purpose of our scrutiny today is to help ensure that success by asking the right questions now rather than repairing problems later, as the Minister might appreciate. This SI may look rather dry and technical, but it is not merely administrative: it is part of the scaffolding upon which a new pillar of our pensions system may be built. If CDCs are to become a meaningful and trusted component of that system, we must ensure that the foundation is robust; I look forward to the Minister’s response.