Next year will see the launch of collective defined contribution pensions - at least one will come into existence when Royal Mail 160,000 employees move into this new type of scheme, but will others follow?

CDC pensions aim to bridge the gap between defined benefit and defined contribution by having all employees pay into one massive pot from which their benefits are drawn.

This week reporter Amy Austin talks to Simon Eagle, chairman of Willis Towers Watson's CDC working party, and Tim Middleton, director of policy and external affairs at the Pensions Management Institute, about what advisers need to know about these schemes.

They discuss how many CDC schemes are likely to come into existence, transfers in and out of CDC schemes might work and whether CDC pensions are likely to be higher or lower than DB or DC pensions.

The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues.

The FTAdviser Podcast is designed to inform regulated UK advisers on a range of topics, covering investments, pensions, regulation and other key issues.

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