Fifth report: Protecting pension savers—five years on from the pension freedoms: Pension scams

Select Committee
Work and Pensions Committee HC 648 28 March 2021
Report Status Government responded
Conclusions & Recommendations 37 items (32 recs)
Source View on Parliament website
Government Response (AI assessment · 34 of 37 classified)
Accepted 2
Acknowledged 3
Deferred 2
Not Addressed 26
Rejected 1
Government response
Protecting pension savers–five years on from the pension freedoms: Pension scams: Government, The Pensions Regulator and Financial Conduct Authority Responses to the Committee’s Fifth Report of Session 2019–21 · published 6 Jul 2021
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Recommendations & Conclusions

1 results
36 Recommendation Rejected
Para 144
Members of schemes where professional trustees are appointed can face long waits to receive any...
Recommendation
Members of schemes where professional trustees are appointed can face long waits to receive any recovered assets, even if a significant proportion of the assets are recovered. Often because of the costs associated with providing communications to members, which are … Read more
Government Response Summary
The government rejects the recommendation, explaining that funds are often already dissipated, trust law prevents earmarking, and transferring out early may not be in a member’s best interest or could negatively impact other members.
Department for Work and Pensions
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