Extending the collective defined contribution (CDC) code of practice consultation
Response date: 29 April 2026
Closing date: 13 February 2026
Published: 19 December 2025
Response
Response to our consultation on extending the CDC code of practice
Draft CDC code of practice laid in Parliament (PDF, 1.87MB, 153 pages)
Summary
We are seeking views on a draft code of practice that will amend the existing CDC code which applies to single and connected employer CDC schemes (‘single-employer CDC schemes’). The updated code of practice will cover the authorisation and supervision of unconnected multiple employer schemes providing CDC benefits (‘multi-employer CDC schemes’).
The draft code sets out:
- how to make an application for authorisation
- the matters we will take into account when considering applications
- our expectations for the conduct and practice of those who must comply with the obligations set in pensions legislation