Work and Pensions Committee confirms inquiry into impact of pension freedoms

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...