Webb: DC pensioners should buy Lamborghini if they want

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Pensions minister Steve Webb has been criticised for saying people can spend their defined contribution (DC) pensions on extravagant purchases such as a Lamborghini if they want.

This week's Budget unveiled dramatic changes to DC pensions, which will allow more retirees to access their funds as cash (PP Online, 20 March). In a BBC interview, Webb said he was "relaxed" ab...

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