Home » HR practices » Professional development » Legal developments » National legislation » Great-Britain: government prepares reform to introduce collective defined contribution schemes Great-Britain: government prepares reform to introduce collective defined contribution schemes The Conservative-Liberal Democrat coalition government has announced its support for the legal reform of the structure of private sector pensions in order to introduce a new type called the ‘collective pensions scheme’ or ‘collective defined contribution schemes.’ Through The editorial staff. Published on 28 January 2014 à 16h17 - Update on 22 November 2023 à 17h29 Resources Government pensions minister, Steve Webb, a Liberal Democrat MP, has stated that he will lend his support to what is regarded by some as a controversial scheme. Supporters say the scheme promises to boost savers’ retirement pots by up to 30 to 40 per cent. Detractors say the scheme is a riskier investments because there is not the same guarantee of income as conventional pension schemes. Collective pensions work by allowing many different employers to pool together the contributions of their employees,… The editorial staff Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageEmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels