Committees

Pension freedom and choice inquiry

Inquiry

The deadline for written submissions was Monday 23 October 2017, which included recommendations for improvements in each case:

  • What are people doing with their pension pots (including defined benefit pension entitlements) and are those decisions consistent with their objectives? Is there adequate monitoring of the decisions being made?
  • Are people taking proportionate advice and guidance and if not, why not? Are people adjusting behaviour in response to advice and guidance?
  • To what extent will pensions dashboards enable consumers to make more informed decisions about their retirement savings? What are the remaining obstacles to their creation and success and how should those obstacles be overcome?
  • Is Pension Wise working? If not, how should it be reformed? Are there any implications for the proposed creation of a new single public financial guidance body?
  • Are there persistent gaps in the advice and guidance market and what might fill them? Is automated advice and guidance filling gaps as expected?
  • Is there evidence of product market competition resulting in cheaper, clearer or a wider products for consumers? Are people switching from their pension provider in accessing their pots? Is an adequate annuity market being sustained?
  • Are the Government and Financial Conduct Authority taking adequate steps to prevent scamming and mis-selling?
  • Are the freedom and choice reforms part of a coherent retirement saving strategy? To what extent is it complimentary to or undermined by other policies?

Upcoming events

View all events

No upcoming events scheduled

Past events

Wednesday 13 December 2017
9:30am Public
Pension freedom and choice inquiry - Oral evidence 13 December 2017
The Wilson Room, Portcullis House
Wednesday 15 November 2017
9:25am Public
Pension freedom and choice inquiry - Oral evidence 15 November 2017
Room 15, Palace of Westminster
Wednesday 1 November 2017
9:30am Public
Pension freedom and choice inquiry - Oral evidence 1 November 2017
Room 15, Palace of Westminster

Contact us

We receive a significant number of emails each day. All requests and invitations are considered but we do not respond directly to everyone. Please be aware, the committee does not look at individual cases or specific complaints.