Examination of Witnesses

Part of Pension Schemes Bill – in a Public Bill Committee at 11:31 am on 23rd October 2014.

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Matthew Oakley: No. I think that is the initial point, and I am thinking back to my point earlier about making sure that we evaluate the system properly. If it is  found that people are not taking up the guidance, or that if they are taking up the guidance they are not going to see an IFA or taking other options that are available in the market, then we need to think much more carefully about whether we should and could regulate to ensure that those sorts of options are taken. What I am saying is that we should not necessarily jump to regulation, which can be quite prescriptive and can lead to unintended consequences.