All PensionWise articles
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NewsRetirement advice: Fewer than one in five savers used Pension Wise
Less than a quarter of over 55s who had started accessing their pension took advantage of the government's free, independent and impartial guidance service Pension Wise, the Financial Conduct Authority has revealed.
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OpinionRetirement outcomes: The buck stops where?
Employers, scheme trustees and product providers are not directly responsible for the decisions people make once they access their pension pot, but the direction of travel is clear.
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NewsMPs back tax return solution for self-employed retirement savings
The All-Party Parliamentary Group on Financial Resilience has thrown its weight behind using the tax system to help the self-employed save for retirement.
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NewsGovt rejects call for automatic Pension Wise appointments
The government has ruled out automatically enrolling pension savers into guidance appointments with Pension Wise before they can access their retirement pot.
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NewsActuaries call on govt to improve guidance and advice take-up
On the go: The Institute and Faculty of Actuaries is calling on the government and the pensions industry to improve guidance and financial advice take-up.
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NewsTPR publishes guidance for trustees on Pension Wise appointments
On the go: The Pensions Regulator has published new guidance for trustees who will be required to offer Pension Wise appointments for savers who want to access their defined contribution pensions.
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NewsGovt called to improve pensions advice and guidance gap
On the go: A think tank has called on the government and regulators to improve the nation’s pensions knowledge, after a study highlighted the significant gap in the take-up of guidance and advice.
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NewsProviders to book pensions guidance sessions from June
On the go: Savers will be offered Pension Wise appointments if they want to access their defined contribution pensions from June 2022.
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NewsPension videos could boost guidance take-up, govt told
On the go: Videos could help encourage up to 60 per cent of people to take up the government’s free pensions guidance offer, a response to a Work and Pensions Committee inquiry has claimed.
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NewsTrustees given transfer halt powers
On the go: Pension fund trustees will be able to halt suspicious transfers from November 30, following new powers from the Pensions Regulator.
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NewsMaps told to reform Pension Wise in govt-backed report
On the go: The Money and Pensions Service has been urged to look into how commercial companies could be used to deliver Pension Wise guidance as part of a government-backed report looking at how the organisation can be improved.
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News‘Stronger nudge’ still possible, but cost benefits need to be understood
On the go: A stronger guidance nudge may be needed to increase the number of savers using the Pension Wise service, but it may not be enough to drive a significant uptake or deliver the right kind of engagement, the Pensions and Lifetime Savings Association’s annual conference has heard.
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NewsFour in 10 fail to check state pension forecast before retirement
On the go: Almost four in 10 people failed to check their state pension forecast before retirement, according to new research from retirement specialist Just Group.
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NewsFCA tells providers to book Pension Wise sessions for savers
On the go: Providers will have to offer to book Pension Wise appointments for clients looking to access their defined contribution pensions, under rules proposed by the Financial Conduct Authority.
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News
Stephen Timms calls for annual guidance checks
On the go: Stephen Timms, chair of the Work and Pensions Committee, has submitted an amendment to the pension schemes bill that would see savers near retirement contacted each year until a guidance appointment has been made.
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News
Govt to tighten guidance rules for accessing pensions
On the go: The Department for Work and Pensions plans to require providers of workplace pensions to signpost guidance whenever savers look to access or transfer their pots.
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OpinionGuidance needs stronger nudges to prevent future disaster
We are fond of a good nudge in this country.
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News
Maps’ life expectancy tool creates bias, research finds
On the go: A life expectancy calculator provided by the UK’s pension guidance service could be exacerbating people’s unconscious bias and influencing their financial decisions, new research has found.
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News
SFGB opens for business
On the go: The Single Financial Guidance Body launches this week, as three existing providers of government-sponsored financial guidance merge.
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OpinionMaking the right decisions
Editorial: Guidance can help savers make the right decisions, but not enough people are taking it.