Pensions: Advisory Services

Department for Work and Pensions written question – answered on 26th October 2020.

Alert me about debates like this

Photo of Christian Wakeford Christian Wakeford Conservative, Bury South

To ask the Secretary of State for Work and Pensions, when the impartial pensions guidance rules covered by Clauses 18 and 19 of the Financial Guidance and Claims Act 2018 are planned to be introduced.

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

We will be publishing a statement of policy intent shortly which will set out how we plan to implement the stronger nudge (Section 19 of the Financial Guidance and Claims Act) for occupational pensions.

Following this, we will consult on draft Regulations which will come into force at the earliest opportunity.

We are working closely with the FCA who will consult on rules for personal and stakeholder pensions, which will also come into force at the earliest opportunity

Does this answer the above question?

Yes1 person thinks so

No0 people think not

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