MPs accused of 'superficially duplicating' FCA work

'Need detail for robust solution'

Hannah Godfrey
clock • 2 min read

The Work and Pensions Committee has been accused of making inquiries into subjects that the Financial Conduct Authority (FCA) has already thoroughly looked into.

Aegon pensions director Steven Cameron (pictured) said elements of the Committee's latest inquiry into transparency in pensions have already been covered by the FCA. Earlier this month, the Work and Pensions Committee launched an inquiry into whether individuals get value for money for their pension savings and receive good value and an impartial service from financial advisers. Additionally, the inquiry will try to understand what savers are being charged and why, as well as the short and long-term impacts of costs on retirement outcomes. Broadly, it will focus on whether the pension...

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