UK Plans Regulations For 'Third Way' Pension Plans

Law360, London (July 19, 2021, 2:55 PM BST) -- The government proposed rules on Monday that will support the creation of a new type of workplace retirement savings plan that would be more likely to withstand market shocks such as pandemics.

The Department for Work and Pensions has launched a consultation on regulation for so-called collective defined contribution schemes. The ministry said these will offer a "third way" for Britons to save for retirement. 

The collective schemes, known as CDCs, are risk-sharing pension plans that are new to the U.K., although they are widely used in Canada and the Netherlands. The government established a legal framework for their creation in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!