Rachel Reeves, Labour’s Shadow Work and Pensions Secretary, responding to revelations in tomorrow’s Daily Mail newspaper about the selling of pension information, said:

“Today’s revelations that personal data is being passed on to those looking to make a quick buck out of pensioners’ savings are shocking. This is further evidence of the Government’s total failure to protect more than 300,000 savers who could start accessing their pensions in just over a week’s time.

“Ministers have ignored warning after warning about the threats to savers from fraudsters, but they must now act quickly to protect savers from these serious threats to people’s hard earned retirement income.

“Labour supports greater flexibility on retirement, and will take swift action to protect savers, with a cross-government task force to stamp out scams, and caps on pension fees and charges, including for retirement products, so that savers get the most out of their money.”

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