The Work & Pensions Committee is launching an inquiry into “whether and how far” the Pension Freedoms and other pension reforms are achieving their objectives and whether policy changes are needed to protect consumers better.

MPs have called for the Government to act rapidly to avoid “the next major pensions mis-selling scandal” as they criticised the failure to get the pension freedoms working sufficiently and a lack of information about Pension Wise.

The new Chair of the Work and Pensions Committee has warned of the “real danger” of pension savers being ripped off under the reformed system. Read more...