MPs on the influential Works and Pensions Committee have said global tech firms such as Google and social media providers should be held to account for hosting “immoral” pension scam adverts.

Wealth management professional trade body PIMFA and the Financial Services Compensation Scheme have joined calls for economic harm to be included in the government’s upcoming Online Safety Bill.

Stephen Timms MP, chair of the Work and Pensions Committee, has submitted an amendment to the Pension Schemes Bill going through Parliament which would make pension guidance appointments automatic.