Hymans Robertson report: CDC – the complete picture
It shows that a 40-year-old member entering a whole of life CDC scheme could achieve a retirement income up to 60% higher than the income available through annuity purchase.
And a whole of life CDC scheme can offer a 30% higher and more secure income than a drawdown strategy typically used. If the same member were to save via conventional DC in accumulation before joining a decumulation CDC scheme at retirement, they could increase their retirement income by 25-50% relative to annuity purchase or a typical drawdown strategy.
Download the full report to find out:
- 91% of UK corporate decision makers said they are likely to consider CDC or similar schemes for their business, up from 81% in 2024.
- 80% of DC members would give up flexibility to receive a higher income overall.
- 4% of respondents said that no aspects of CDC would appeal to them.
Supplied by REBA Associate Member, Hymans Robertson
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