Personal Savings: Pensioners

HM Treasury written question – answered on 23rd September 2015.

Alert me about debates like this

Photo of Jim Shannon Jim Shannon Shadow DUP Spokesperson (Health), Shadow DUP Spokesperson (Transport), Shadow DUP Spokesperson (Equality)

To ask Mr Chancellor of the Exchequer, what financial advice his Department provides to pensioners on investment of savings.

Photo of David Gauke David Gauke The Financial Secretary to the Treasury

The Government has recently set up Pension Wise to provide free, impartial guidance for those who are able to use the new pension flexibilities, to help them make confident and informed decisions on how they use their defined contribution pension savings. Pension Wise offers guidance online, over the phone, and face to face.

HM Treasury has also announced a joint review with the Financial Conduct Authority (FCA) of the advice landscape, the Financial Advice Market Review (FAMR). This will be looking at ensuring more people have access to appropriate and affordable advice and guidance.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.