UK. WPC launches inquiry into saving for later life
The Work and Pensions Committee (WPC) has launched the third and final part of its inquiry into the impact of the pension freedoms and protection of savers, focusing on what needs to be done to help people plan and save for retirement.
The inquiry, which will be hearing evidence until 2 February 2022, will consider whether households have adequate pension savings and how the government can improve member outcomes.
In particular, it will consider issues around auto-enrolment, retirement income targets and guidance and advice, as well as looking at the support available for self-employed workers and give economy workers, and the efforts needed to close the gender pension gap.
The WPC’s inquiry into pension freedoms has previously considered the impact of pension freedoms on pension scams and the options and advice when accessing pensions, with the committee’s recommendations from the latter to be published in the new year.
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