Source · Select Committees · Work and Pensions Committee
Recommendation 1
1
Acknowledged
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The pension freedoms gave people the freedom to choose what to do with their money.
Conclusion
The pension freedoms gave people the freedom to choose what to do with their money. On balance these changes have been a success and we do not want to see them rolled back. However, many savers need more support than they currently receive in order to make good decisions about how they access their pension savings.
Government response summary AI-generated
The government acknowledges the need for more support for savers and lists ongoing measures like Pension Wise, Pensions Dashboards, Mid-life MOT, and Stronger Nudge, without committing to any new specific action.
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Government Response
The government responded to this report on 27 April 2022. No passage in that response could be matched to this conclusion. Read the response document ↗