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Call for Evidence

Protecting pension savers – five years on from the pension freedoms: Saving for later life

In 2015, people aged 55 and over were given more choice about how they accessed their defined contribution pensions. Five years on, the Work and Pensions Committee started a major piece of work looking at the next steps in preparing and protecting people moving from saving for retirement to using their pension savings.

This is the third and final part of our inquiry, looking at saving for later life and what more needs to be done to help people plan and save for retirement. We published a report on the first part of the inquiry, pension scams, in March 2021 and concluded taking evidence for the second part in November 2021.

The Committee would like to hear your views on the following questions. You don’t have to answer all of the questions. You can respond on behalf of an organisation, or as an individual.

  1. Do households in the UK have adequate pension savings for retirement?
  2. Are changes needed to auto-enrolment to provide an adequate level of pension savings for retirement?
  3. What advice and guidance do people need when saving for retirement?
  4. Could retirement income targets help savers plan for retirement?
  5. Apart from increasing contributions, how can the Government improve outcomes for savers?
  6. Can pension providers change the design of pension products to improve outcomes for savers?
  7. What should the Government be doing to support self-employed people to save for retirement?
  8. Are different or additional measures required to help gig economy workers save for retirement.
  9. Are there measures which the Government should consider to close the gender pension gap?

We will be taking evidence through the early part of 2022. The deadline for written evidence is 2 February 2022. We’ll still be able to use evidence we receive after that date, but your evidence will be able to have more impact on our work if we receive it by the deadline.

This call for written evidence has now closed.

Go back to Protecting pension savers – five years on from the pension freedoms: Saving for later life Inquiry