21 January 2026
5 min
2026 is set to be another big year for the UK pensions industry, with innovation continuing to shape the landscape. We’re seeing new endgame options emerge for defined benefit schemes, further improvements to defined contribution offerings, and perhaps the most exciting development - significant progress toward launching the UK’s first multi‑employer collective defined contribution (CDC) schemes.
In this publication, we explore common misconceptions employers have about CDC. These include concerns about setup burden, accounting treatment, inflexibility, comparisons to With‑Profit funds, overseas examples, and fears of the impact of future legislative change.
If you have any questions or would like to discuss further, please get in touch.
This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice
(including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.
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