Labour takes aim at pension providers; would further 'reform' market

It wants life companies to do more to "protect consumers from retirement rip-offs". "Alongside a decent state pension, we must ensure private pensions are good value for those who have saved," it said. The party said it supports the greater flexibility for those drawing down their pension pots enacted under the coalition government. But it seemed to take aim at the accompanying guidance guarantee by adding that "there must be proper guidance for people to avoid mis-selling". The pension market is still adjusting to freedoms that came into force on 6 April to remove the need for ...