Question to the HM Treasury:

To ask Her Majesty’s Government what systems are in place to assess and evaluate the new pension freedoms.

As part of their Retirement Income Market Study, the Financial Conduct Authority have committed to monitoring the retirement market in order to assess consumer behaviour and outcomes; and to use their wide-ranging powers to intervene where necessary. The Treasury will also be consulting in July to ensure that people are treated fairly when moving their pension to a company that offers them flexible options and are not charged excessive early exit penalties.