Introduced by the Pension Schemes Act 2021. Collective Pensions are a third type of scheme in addition to Defined Benefits (e.g. NHS Pension Scheme) and Defined Contributions (e.g. The Pension People).

On 30 September, Health and Social Care Secretary, the Rt Hon Yvette Cooper MP announced plans for d national collective pension scheme for adult social care (ASC) workers in England during her keynote speech at the Labour Party Conference in Liverpool.

Subsequently, the Collective Pensions Policy Team at DWP has issued this guidance for employers and employees.