MPs probe pensions freedom

Have pensions freedom reforms so far been good or bad for savers? David Prosser reports.

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That cold caller may not be all he seem
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Have pensions freedom reforms (introduced in April 2015 by then-chancellor George Osborne) been good or bad for savers? The reforms which make it easier to access your pension pot from age 55, or to keep it invested to generate an income, without having to buy an annuity have proved very popular. But there are concerns from some that savers have fallen for scams, or have simply made poor choices, prompting MPs to investigate.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.