Work and Pensions Committee

Asset managers' failure to provide clear transaction costs incurred in pension funds leaves savers "deeply depressed", Frank Field says.

Veteran parliamentarian Frank Field has resigned the Labour whip to serve as an independent Labour MP, sparking uncertainty over his role as chair of the Work and Pensions Committee (WPC).

The Work and Pensions Committee (WPC) has launched an inquiry to ask whether the pensions industry provides "sufficient transparency" of charges, strategy and performance to savers.

This week's top stories included coverage of the Competition and Markets Authority's provisional decision following its investigation of investment consulting and fiduciary management.

Respondents were almost evenly split in this week's Pensions Buzz on whether the Competition and Markets Authority's (CMA) remedies for the investment consultant and fiduciary management markets go far enough.

'Not appropriate to comment'

Collective defined contribution (CDC) schemes are the "best means" for achieving the right balance between collective benefit security and individual freedom and choice, the Work and Pensions Committee (WPC) says.

A damning report on the pre-sale audit of BHS is set to be published after the High Court last week refused to meet Sir Philip Green's wish to gag the Financial Reporting Council (FRC).

The government has confirmed the long-awaited ban on pensions cold-calling will now be delayed until Autumn.

The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.