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Helen Morrissey talks to pensions minister Steve Webb about auto-enrolment one year on.
Pensions minister Steve Webb says current at-retirement processes are outdated and asked whether we need to "do decumulation differently."
High and opaque charges are harming savers with defined contribution (DC) pension schemes, according to the Financial Services Consumer Panel (FSCP).
The industry must automate the decumulation phase of defined contribution schemes, National Association of Pension Funds chief executive Joanne Segars says.