Pensions: Advisory Services

Department for Work and Pensions written question – answered on 26th May 2016.

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Photo of Rachel Reeves Rachel Reeves Labour, Leeds West

To ask the Secretary of State for Work and Pensions, what steps the Government plans to take to help people who will access their pensions before the proposed new pension guidance service becomes available in April 2018.

Photo of Justin Tomlinson Justin Tomlinson Parliamentary Under-Secretary of State (Department for Work and Pensions) (Disabled People)

The current Pension Wise service will continue to deliver guidance to people aged 50 years and over, with defined contribution pension pots, to help them understand their options under the pension freedoms.

The new pensions guidance body will take forward the services currently provided by three organisations: Pension Wise, The Pensions Advisory Service (TPAS) and the pension services offered by Money Advise Service (MAS). Until then these organisations will continue to support people in understanding and accessing their pensions.

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