Source · Select Committees · Work and Pensions Committee
Recommendation 8
8
Deferred
Paragraph: 35
We recommend that the Money and Pensions Service and the Financial Conduct Authority should develop...
Recommendation
We recommend that the Money and Pensions Service and the Financial Conduct Authority should develop proposals to increase the number of people choosing a mix of retirement products—including cash, drawdown and deferred annuities—to meet their changing needs at different stages of later life.
Government response summary AI-generated
The DWP intends to issue a call for evidence in May 2022 to inform whether policy interventions are necessary to support savers in occupational pension schemes, before considering introducing default retirement pathways.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
35
Government Response
Deferred
HM Government · verbatim extract
Deferred
We understand that MaPS and the FCA will be responding to this recommendation separately.
Read the full response on Parliament ↗