MPs fear lack of pension support could lead to scams

MPs have called for people to be given more information about the new pension freedoms, which allow those aged 55 and over to cash in their pension savings.

The Commons Work and Pensions Committee warns that, without extra help, there is a danger of a major mis-selling scandal, and that pension savers will be vulnerable to fraudsters.

The BBC's Simon Gompertz reports.

  • Business