Petition 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'.
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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.
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament