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Business of the House

Part of the debate – in the House of Commons at 11:18 am on 30th January 2020.

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Photo of Nick Smith Nick Smith Labour, Blaenau Gwent 11:18 am, 30th January 2020

The Financial Times fears that there will be another pensions scandal, potentially affecting 160,000 people with defined benefit pension schemes. The Financial Conduct Authority thinks that there could be problems with the transfer advice given by 76% of firms. This is an £80 billion market, so can we have a statement from the Treasury to try to get to the bottom of this scandal?