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Pension freedom and choice 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?

Reports, special reports and government responses

View all reports and responses
10th Special Report - Pension freedoms: Government response to Committee’s Ninth Report
Inquiry Pension freedom and choice inquiry
HC 1231
Special Report
9th Special Report - British Steel Pension Scheme: The Pensions Regulator Response to the Committee’s Sixth Report of Session 2017-19
Inquiry Pension freedom and choice inquiry
HC 987
Special Report
9th Report - Pension freedoms
Inquiry Pension freedom and choice inquiry
HC 917

Oral evidence transcripts

View all oral evidence transcripts
13 December 2017
Inquiry Pension freedom and choice inquiry
Witnesses Rich Caddy, Shift Operations Manager, British Steel (Teesside), David Neilly, Plant Process Operator, Tata Steel UK (Port Talbot), Henry Tapper, Director, Pension PlayPen and First Actuarial, and Stefan Zaitschenko, Former steelworker (Teesside); Clive Howells, Managing Director, Celtic Wealth Management , and Darren Reynolds, Director, Active Wealth (UK) Ltd (at 10.10am); Megan Butler, Director of Supervision (Investment, Wholesale and Specialist), Financial Conduct Authority, Alasdair McDiarmid, Operations Director, Community trade union, Alan Johnston, Trustee Chairman and Derek Mulholland, Director of Pensions, British Steel Pension Scheme (at 10.50am).
Oral Evidence
15 November 2017
Inquiry Pension freedom and choice inquiry
Witnesses Nicola Parish, Executive Director of Frontline Regulation, The Pensions Regulator and Christopher Woolard, Director of Strategy and Competition, Financial Conduct Authority; Stephen Barclay MP, Economic Secretary to the Treasury, Guy Opperman MP, Parliamentary Under Secretary of State for Pensions and Financial Inclusion, Department for Work and Pensions, and Charlotte Clark, Director, Private Pensions and Arm's Length Bodies, Department for Work and Pensions.
Oral Evidence
1 November 2017
Inquiry Pension freedom and choice inquiry
Witnesses Baroness Ros Altmann, Former Pensions Minister, Michelle Cracknell, Chief Executive, The Pensions Advisory Service, Andrew Seager, Director, Citizens Advice, Peter Vicary-Smith, Chief Executive, Which?; Gary Bottriell, Board Member, Personal Investment Management & Financial Advice Association, Rob Yuille, Head of Retirement Policy, Association Of British Insurers, Otto Thoresen, Chairman, National Employment Savings Trust, Sir Steve Webb, Director of Policy, Royal London
Oral Evidence
Anonymised (PFC0046)
Marcus Johnson (PFC0105)
Infosculpt Ltd (PFC0087)

Contact us

We can’t usually help you with an individual problem or a specific complaint.

  • Email:
  • Phone: 020 7219 8976 (general enquiries) | 020 7219 1679 (media enquiries)
  • Address: Work and Pensions Committee | House of Commons | London | SW1A 0AA