The Work and Pensions Select Committee has launched an investigation into pension scams as part of its inquiry into pension freedoms.
MPs have urged the Pensions Regulator to help employees who do opt-out due to financial difficulties during the pandemic to re-enrol than would happen normally under auto-enrolment.
MPs on the Works and Pensions Committee have voted to investigate contingent charging on pension transfers but some in the industry are sceptical about the benefits of such a move.
The Work and Pensions Committee has called for a package of measures to create better informed, more engaged pensions savers, and a “default decumulation pathway” to protect the less engaged.
MPs call on FCA to ban contingent fees on DB pension transfers and establish an easy-to-use online register of pensions advice firms, MPs have demanded.
The influential Work and Pensions Commitee is to re-open its inquiry into auto-enrolment to assess the affect of the new Lifetime ISA (LISA) on auto-enrolment.
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