Altmann slams government for scrapping auto guidance from bill

The former pensions minister said she was "disappointed" in the government as auto-enrolment into free guidance would improve take-up and protect more customers. "I am really disappointed the government seems to have bowed to industry pressure and proposes to weaken consumer protection for pension customers," she said. "By removing a clause introduced in the House of Lords, designed to protect consumers' pensions better, more people are at risk of losing their hard-earned savings in scams, frauds and unwise pension withdrawals." The scrapped amendment would have seen people automatica...