Webb dismisses fears over CDC and Budget freedoms conflicts


Pensions minister Steve Webb has dismissed concerns that retirement freedoms announced in the Budget do not work alongside the government's collective defined contribution (CDC) plans.

Speaking at the launch of the Scottish Widows Retirement Report, Webb acknowledged the fears raised, but did not think the government was at risk of giving mixed messages of how to convert retirement savings...

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intellignece through our regular Pro Adviser poll.
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Regulation

TPR executive director of regulatory policy, analysis and advice David Fairs

Pensions regulator confirms criminal policy to 'deter' bad behaviour

Range of policies come into force on 1 October as TPR seeks views on yet more powers

James Phillips
clock 29 September 2021 • 3 min read
FCA's business plan: Five key points for advisers

FCA's business plan: Five key points for advisers

Outlook for regulator

Paul Edmondson and Pippa Tasker
clock 28 July 2021 • 7 min read
"Consumers have significant choice but also significant responsibilities when it comes to pensions. We want them to be able to make effective choices, though many consumers need support to achieve good long-term outcomes when faced with complex decisions." - FCA business plan

FCA targets pension providers in consumer value for money push

Will focus on decumulation from '22

Jenna Brown
clock 15 July 2021 • 2 min read