Petition · past parliament · Department for Work and Pensions
Commission public inquiry into pension providers’ ‘lifestyling’ strategies
Closed
35 signatures
What the petition asks
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.
Timeline
| 19 Dec 2023 | Petition opened for signatures |
| 29 May 2024 | Closed to new signatures |
Key facts
Signatures
35
Status
Closed
Department
Department for Work and Pensions
Opened
19 Dec 2023
Closed
29 May 2024
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Source: the official petition page. Last checked 15 Jul 2026.