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Government and FCA response to pensions reforms report

27 July 2015

Work and Pensions Committee publish Government and Financial Conduct Authority responses previous Committee's report on progress with automatic enrolment and pensions reforms.

Chair's Comments

The Committee also publish a letter from Frank Field, its Chair, to the Minister for Pensions regarding the Government response. Frank Field said:

"The Committee is very disappointed with the Government's response to the report produced by our predecessors on auto-enrolment. The Government has had over two months since the election to pull together a full response, and has failed miserably to do so. It seems similarly reluctant to come forward with information on the effectiveness, or otherwise, of the advice given by Pension Wise to people trying to get their heads round the new pension drawdown freedoms. Might it now cooperate more fully with the Committee as we seek ways of improving the effectiveness of pension guidance and advice?" 

Further information

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