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Pension freedoms at risk of 'failure' without govt intervention


By Sophie Smith

The 2015 pension freedoms reforms could risk being seen as a "failure" if the government and regulators do not take a more active role in supporting savers to make better decisions about their money, the Work and Pensions Committee (WPC) has warned.

Following its recent inquiry into pension options and advice, the WPC recommended that the government commits to trialling automatic Pension Wise guidance appointments, and set a target of at least 60 per cent to boost uptake of pensions guidance and advice


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