Commenting on the publication today of the TPR's new consultation on the code of practice for CDC schemes, Steven Taylor, Partner at LCP, said:

"It's good news to see further progress on the CDC front, but the new consultation does place a lot of focus on the style of scheme favoured by Royal Mail. This means the draft Code may not currently support all of the features envisaged by other employers wishing to go down the CDC route, and will need to be updated over time to accommodate them. We expect this to be a key focus in many of the industry responses. That said, the consultation does provide some important new detail about the information required for authorisation, which will be helpful for other companies in their own preparations."