Ros Altmann has hit out at the government after it removed a measure from the Financial Guidance and Claims bill that would have automatically enrolled people into a guidance scheme if they were taking or transferring pension benefits.
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...
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