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flag UK launches new 'collective' pension funds to boost retirement incomes with lower risks.

flag The UK's Department for Work and Pensions has launched 'collective' pension funds, called Defined Contribution (CDC) schemes, aimed at offering higher retirement incomes with lower risks compared to traditional schemes. flag The Pension Protection Fund has also welcomed the government's response to a report on Defined Benefit (DB) pension schemes, focusing on changes to levies and compensation frameworks. flag These moves aim to improve security and benefits for future pensioners.

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