Webb: Should decumulation be done differently?

Helen Morrissey
clock

Pensions minister Steve Webb says current at-retirement processes are outdated and asked whether the industry must "do decumulation differently."

Speaking at the launch of the Scottish Widows UK Pensions Report Webb referred to decumulation as "a jigsaw we haven't given enough time to." "Decumulation is something we have made progress on ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Making trusted transfers easier doesn't mean they are right for members

Making trusted transfers easier doesn't mean they are right for members

Will members be able to understand the value for money implications of switching?

Jonathan Stapleton
clock 11 June 2026 • 3 min read
TPR publishes statement on DB surplus release

TPR publishes statement on DB surplus release

Regulator says trustee independence on decision to release surplus is ‘unaffected’

Martin Richmond
clock 11 June 2026 • 5 min read
Isio appoints Dan Thomas as CEO to succeed Andrew Coles

Isio appoints Dan Thomas as CEO to succeed Andrew Coles

Move comes as Isio enters ‘next phase of growth’ for its business

Jonathan Stapleton
clock 11 June 2026 • 2 min read
Trustpilot