Webb dismisses fears over CDC and Budget freedoms conflicts

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 into retirement income. "I can see the point that says collective DC keeping people locked in doesn't fit very well with budget freedoms, but we don't envisage any constraint on defined ambition (DA) schemes access in line with budget freedoms," he said. "The reason I'm kind of relaxed about that is that if I've been in a CDC scheme through my working life and they've done a good ...