Work and Pensions Committee confirms inquiry into impact of pension freedoms

Scams under microscope first

clock • 3 min read

Pensions scams will be the key focus in the first part of a Work and Pensions Committee (WPC) inquiry reviewing the impact of the introduction of pension freedoms five years on.

The WPC confirmed on Tuesday (28 July) that it will investigate pension scams as part of a three-part inquiry into the protection of pension savers - the first call for input of its type. A broad inquiry will look at whether pension freedoms have changed the way savers are protected as they move through drawdown during their retirement and use their pension savings. The WPC has called on the industry to submit its views on the prevalence of scams and current trends. Also, what the common outcomes of pension scams for perpetrators and victims are, how existing enforcement tools are bei...

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