Government resistance to pension freedom changes that would better protect consumers is "difficult to understand" and must change quickly, MPs have been told.
Ex-pensions minister Baroness Ros Altmann told the work and pensions committee her efforts to bring in a cold-calling ban had been blocked by civil servants at the Treasury and Department for Work and Pensions. Altmann said she struggled to understand the government's positio, adding that, while amendments to the Financial Guidance and Claims Bill had passed in the House of Lords, it was not the ideal way to bring in better consumer protection. The latest amendment to the bill was passed in the House of Lords last night, which would see everyone who wanted to access their pension auto...
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