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Committee report on the pension freedoms shows providers stepping up to the plate

The House of Commons’ Work and Pensions Committee has today published a report into the pension freedoms, particularly relating to guidance and advice.

ABI Director General Huw Evans, who gave evidence to the Committee, commented:

Huw Evans, ABI Director General"This report confirms that long-term savings providers have stepped up to the plate, helping thousands of people exercise the new freedoms, promoting Pension Wise and developing new products.

"We agree with the Committee that savers need much greater access to information, guidance and advice and look to the new Treasury/FCA review to achieve this. The introduction of a Pensions Dashboard to give people easy access to information on all their pension saving is also something the industry is keen to support developing."

Last updated 01/07/2016