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