Thursday 13 Jul 2017 @ 15:05
Wired-GOV Newswire (news from other organisations)
Printable version

TUC sounds alarm over FCA report on ‘pensions freedom’

Commenting on yesterday’s (Wednesday) review on retirement outcomes by on the Financial Conduct Authority, TUC General Secretary Frances O’Grady said:

“This is a damning verdict on so-called ‘pensions freedom’. Workers who are facing insecurity in their working lives now risk being plunged into insecurity in old age.

“Savers are increasingly dipping into their pots early. And others are following the path of least resistance and risk buying rip-off products.

“The government needs to learn from the successful roll-out of auto-enrolment. Ministers must ensure all savers are offered a decent option by default.”

The TUC is calling for the default option of well-researched, good value, properly governed income options at retirement.

 

Share this article

Latest News from
Wired-GOV Newswire (news from other organisations)

NHS Confederation - New project to explore the role of AI in mental health services

12/12/2025 12:33:00

Our new series of work in partnership with Limbic to demystify the use of AI in mental health services.

CBI and Armstrong Watson join forces to champion Cumbria’s economy at 2026 business dinner

12/12/2025 12:15:00

The Confederation of British Industry (CBI) is delighted to announce the return of the CBI Cumbria Business Dinner, taking place on Thursday 30 April 2026 at the outstanding Low Wood Bay Resort and Spa on Lake Windermere in a new strategic partnership with Armstrong Watson.

NHS Confederation - NHS leaders deeply concerned by ongoing flu surge

12/12/2025 11:05:00

If next week’s resident doctor strikes go ahead, it will cause huge disruption for patients and staff.

Ofsted/CQC report on support for children with SEND not in school – LGA comment

12/12/2025 10:05:00

Cllr Amanda Hopgood, Chair of the Local Government Association’s Children, Young People and Families Committee, responded to a report from Ofsted and the Care Quality Commission looking at how children with SEND who are not in school full-time are supported 

NHS Confederation responds to publication of latest NHS league tables

12/12/2025 09:05:00

It is essential the metrics which underpin league tables are carefully chosen to provide a rounded and accurate picture of performance.

TUC - Tory Peers are actively defying the will of the British public on workers’ rights

11/12/2025 13:25:00

TUC General Secretary Paul Nowak commented on the House of Lords yet again rejecting the Employment Rights Bill 

NHS Confederation - NHS leaders urge action to tackle root causes of corridor care

10/12/2025 15:25:00

NHS leaders urge consideration of the root causes of 'corridor care' ahead of Senedd debate.

Help us be catalyst for growth, say councils

10/12/2025 13:25:00

Councils can be the catalyst to unlocking the UK’s economic potential, but need the right powers and funding from government to deliver on this possibility, according to a new report. 

LGA - 10-year youth plan

10/12/2025 12:25:00

Cllr Amanda Hopgood, Chair of the Local Government Association’s Children, Young People, and Families Committee responds to the Government’s 10-year youth plan

LGA - School holiday provision helps close the 'holiday experience gap' for children from low-income families

09/12/2025 10:25:00

New feedback from councils, published in a new report today, shows that free holiday provision for low-income families improves children’s health and wellbeing and boosts future school attendance. 

How risk-ready is your organisation?