Freedom and choice could become the "next big mis-selling scandal" unless support offered to retirees is improved, warns a powerful group of MPs.

Concerns are growing about a rise in scams since the launch of pension freedoms six months ago.

The latest figures from Pension Protection Fund (PPF) 7800 Index reveal total defined benefit scheme deficits have risen 11% in one month.

The Pensions Regulator (TPR) has replaced three trustees who were deemed to be under the control of "shadow trustee" David Austin in a suspected £14m fraud.

There has been a massive surge in whistle blowing reports to The Pensions Regulator (TPR), prompting concerns that that many small companies are struggling to comply with auto-enrolment.

The government has been urged to scrap tax and national insurance relief on retirement savings and replace pensions with ‘ISA warehouses' in a radical shake up.

Concerns have been raised about low defined contribution (DC) saving rates as the number of DC savers exceeds active defined benefit (DB) membership for the first time.