Submitted by John Cattermole on Monday 27th November 2023
Published on Tuesday 19th December 2023
Current status: Open
Open until: Wednesday 19th June 2024
Current Signatures: 34
(count is updated approximately hourly)
Relevant Departments
Commission public inquiry into pension providers’ ‘lifestyling’ strategies
We believe an investigation by public inquiry is required into the approach of pension providers using an investment strategy of 'lifestyling', involving moving pension savings into funds referred to as 'lower-risk'.
In 2022 people nearing retirement suffered catastrophic losses as a result of such strategies. Marketing material by pension providers described 'lifestyling' investment strategies that involved moving money to ‘lower-risk’ funds. This often meant investment in long term gilts which were regarded as lower risk. We do not believe the consequences were appropriately risk-assessed. We think that the government and regulators should hold pension providers to account.
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
18.119.133.228 Sat, 04 May 2024 09:33:15 +0100
