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A big change to pension schemes could help millions grow their retirement savings. A new type of workplace pension, called Collective Defined Contribution (CDC), might be expanded soon. New CDC Pension Schemes Aim to Boost Retirement Income for MillionsRight now, there are two main types of pensions offered by employers. The first is a defined benefit pension, which guarantees you a set income in retirement based on your salary. The second is a defined contribution pension, where the amount you get depends on how much you and your employer put in and how well the investments perform. Defined c…

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