The UK’s pensions system with Steve Webb

In this week’s episode, former pensions minister Steve Webb talks to us about defined ambition, the lessons he’s learned from international pensions systems, and why pendulums tend to swing back. 

Steve reflects on some subjects which are dear to our heart, including lessons he learnt from overseas, reflects on what he’s proud of and what he would go back in time to change, if he could. He tells us one important lesson he took from the Netherlands’ experience, which echoes a point last week’s guest Hans van Meerten made (spoiler alert: it’s about communication).

We also talk about what’s going on in UK pensions today. Steve explains why he thinks post-retirement CDC could happen sooner than we think. He tells us where flex now, fix later came from and how it could work. Finally, we hear Steve’s verdict on the Pensions Investment Review.

Many thanks!