Webb blasts OECD stance on DC freedoms as 'institutional conservatism'

clock

Pensions minister Steve Webb has hit back at criticism that the decision to abolish mandatory annuitisation could jeopardise the benefits of auto-enrolment (AE).

This comes after the Organisation for Economic Co-operation and Development (OECD) argued that some form of compulsory annuitisation was needed to support the gains made by AE (PP Online, 8 Decembe...

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 Defined Contribution

TPR, DWP and FCA publish consultation on VfM framework

TPR, DWP and FCA publish consultation on VfM framework

Consultation will require DC schemes to publish ‘clear data’ on performance, costs and quality of service

Martin Richmond
clock 08 January 2026 • 8 min read
What can the UK learn from the Australian pension system?

What can the UK learn from the Australian pension system?

Gregg McClymont says attention to differences as well as similarities is important

Gregg McClymont
clock 17 December 2025 • 3 min read
SPP: Making retirement choices simpler and safer

SPP: Making retirement choices simpler and safer

Anish Rav says initiatives that help achieve a better outcome in retirement are welcome

Anish Rav
clock 17 December 2025 • 3 min read
Trustpilot