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The DC pot of gold and the CDC pension.

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fishtank
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Joined: 28 Sep 2007, 17:22
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The DC pot of gold and the CDC pension.

Post by fishtank »

Collective defined "ambition" contribution schemes are like most collective pension schemes in that they need priming. They need what's usually referred to as an "estate" so that they can start investing immediately and hit their target growth in the early years.

Where will the estate come from for the CDC scheme? Well we have 40,000 DC members all with their little nest eggs growing quietly away so....not only will you have the chance to join the CDC pension, I think and its only my opinion that you'll also be encouraged/cajoled/pressured or forced into transferring your investment pot over with you.

What happens to your pot then as your pot of known individual value is tipped into a huge pot of unknown individual value?

Would the value of your pot buy you additional accrual? How much?
good times, bad times you know I've had my share