Collective defined contribution (CDC)

What is defined as a CDC scheme, applying for authorisation of a CDC scheme, the authorisation criteria and ongoing supervision.

Introduction
Introduction to code content on the authorisation and supervision of CDC schemes, including the legal status of codes of practice.
What is a CDC scheme?
The characteristics that a CDC scheme must have to be eligible to apply for authorisation.
Applying for authorisation
The process and timeline for applying for authorisation of a CDC scheme and the fees that need to be paid.
Authorisation criteria
Criteria for fitness and propriety, systems and processes, member communications, continuity strategy, financial sustainability and sound scheme design.
Supervision and reporting
Significant events to tell us about and producing an implementation strategy after a triggering event.

Code in force: 1 August 2022

Code of practice: Authorisation and supervision of collective defined contribution schemes PDF 949KB, 99 page(s)