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The boss of fintech firm PensionBee has called on the government and regulators to clamp down on “rogue providers” preventing the transfer of pension pots today, as ministers prepare to assess the impact of freedoms granted to retirement savers seven years ago.
Pensions minister Guy Opperman is set to speak at a select committee hearing tomorrow on the impact of the pension freedoms, which were introduced in 2015 with the aim of giving people aged over 55 more control over how they could access their savings.