Extending the collective defined contribution (CDC) code of practice consultation
Published: 19 December 2025
Closing date: 13 February 2026
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
Consultation document
Extending the CDC code of practice: consultation document
How to respond
We are conducting this consultation in a digital format and encourage you, where possible, to use our online survey (opens in new tab) to respond to the consultation.
If you are unable to use this format, please use the options below to respond. Note that we are not providing a separate form to complete (other than the online survey).
You can email your response to: cdcpolicy@tpr.gov.uk.
Or send it by post to:
Nick Gannon
The Pensions Regulator
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
If you have any questions about the consultation process, please contact Nick Gannon at nick.gannon@tpr.gov.uk.
When responding, please confirm:
- if you are responding as an individual or on behalf of an organisation
- if on behalf of an organisation, whether your answers reflect your personal views or the official views of the organisation
You should also provide:
- your name
- organisation name and type (if applicable)
- job title
- email address
- confirmation of whether we can list you or your organisation as a respondent
If you want your response to remain confidential (in part or in whole), you should specify this and let us know why.
We will review all responses carefully and publish our response to the feedback received.