Department for Work and Pensions (DWP) has announced that a new type of pension scheme is moving a step closer, with more than 100,000 Royal Mail postal workers being first in the queue to sign up for it.
The new Collective Defined Contribution (CDC) schemes will work by both employers and employees paying into a central pool of cash, this means that when people retire, they will draw an income from the collective fund.
The new scheme has been made possible following the creation of the Pension Schemes Act earlier this year and the next stage in the process is a consultation, which launches today (July 20), with the DWP seeking views on the draft regulations.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.