UNISON urges caution over new pension scheme

UNISON is urging caution after this week’s announcement by the Department for Work and Pensions (DWP) that it is launching a new UK pension model.
The UK government seeks to introduce collective defined contribution schemes as an alternative to the UK’s current two primary pension scheme models – defined contribution and defined benefit.
The new scheme is a result of the Pensions Schemes Act that was passed in 2021.
UNISON sees defined benefit schemes as vit