Pensions: Advisory Services

HM Treasury written question – answered on 30th July 2015.

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Photo of Lord Bradley Lord Bradley Shadow Spokesperson (Work and Pensions), Shadow Spokesperson (Health)

To ask Her Majesty’s Government when they plan to publish information on the uptake and effectiveness of Pension Wise.

Photo of Lord O'Neill of Gatley Lord O'Neill of Gatley The Commercial Secretary to the Treasury

Since its launch in April, Pension Wise has helped nearly 950,000 people understand their options and make informed choices about what to do with their retirement savings. Nearly 18,000 free guidance appointments over the phone and face to face are being delivered and more than 925,000 people have used the Pension Wise website, with many people returning to the site regularly.

The government is closely monitoring the operation and effectiveness of the Pension Wise service. This ongoing monitoring is part of a wider programme of evaluation that the government is undertaking to ensure that Pension Wise is working effectively, delivers value for money, and meets consumer needs.

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