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ARTICLE · 14 OCTOBER 2024

DWP Publish Consultation On Draft Regulations For Multi-Employer Collective DC (CDC) Schemes Plus Other Linked Developments

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The Department for Work and Pensions (DWP) has launched a consultation on draft regulations for multi-employer CDC schemes, aiming to enhance flexibility and address cross-subsidy risks. Responses are due by November 19, 2024.

United KingdomEmployment and HR
Shriti Jadav
Shriti Jadav
Edd Collins
Edd Collins

DWP publish consultation on draft regulations for multi-employer CDC schemes, plus other linked developments

Consultation on multi-employer/master trust CDC schemes published

On Tuesday 8 October 2024, the Department for Work and Pensions (DWP) published their consultation which puts forward draft regulations to allow CDC schemes to be set up on either a multi-employer or master trust basis, with a view to this legislation coming into force in 2025.

The draft regulations build on the existing single employer CDC regulations, adapting these to allow greater flexibility in scheme design – including designs where accrual rates and contributions would not have to be the same for all members. This flexibility would help to better manage the risk of cross-subsidies between employers, as well as between older and younger generations with the same employer. It would also enable employers to determine the level and cost of benefits they wish to provide to their

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