Recent pension developments

Collective Defined Contribution

Types of pensions
Recent pension developments

A new type of pension scheme currently undergoing consultation.

It contains elements of both Defined Contribution (DC) and Defined Benefit (DB) schemes in that contributions are pooled and invested collectively with a view to attaining a target income (though not fixed as in DB schemes) at retirement for scheme members. Rather than placing all risk on either employer or employee, these are a form of risk-sharing scheme.

They are popular in countries such as the Netherlands and Canada but not currently active in the UK.

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Our customer support team is rated "Excellent" and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
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Log in to our website and chat to us

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Email us on support@myraindrop.co.uk

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Call us on 02039517253