Source · Select Committees · Work and Pensions Committee

Fifth report - Protecting pension savers—five years on from the Pension Freedoms: Accessing pension savings

Work and Pensions Committee HC 237 Published 18 January 2022

Report Status

Government responded

Conclusions & Recommendations

33 items (24 recs)

Source

View on Parliament website ↗

Government Response

AI assessment · 33 of 33 classified

Accepted 6

Accepted in Part 1

Acknowledged 13

Deferred 7

Not Addressed 3

Rejected 3

Government response

Eighth Special Report - Protecting pension savers–five years on from the pension freedoms: Accessing pension savings: Government and the Financial Conduct Authority Responses to the Committee’s Fifth Report · published 27 Apr 2022

Read the government response ↗ Response on the Index

Recommendations & Conclusions

1 item

23 Recommendation Accepted in Part

Para 100

Pension savers will often look first to their scheme or employer for support when making...

Recommendation

Pension savers will often look first to their scheme or employer for support when making decisions about their pension savings. Schemes and employers should play an active role in providing guidance and signposting advice to their members and employees. Many … Read more

Government Response Summary

The government is working with the Money and Pensions Service to test and develop a financial Mid-life MOT, building on previous tests and examples, and will trial Midlife MOT activity in Jobcentres and the private sector to help older workers plan their career and remain in work.

Department for Work and Pensions

View Details →