Member

The Government already ensure that everyone has access to free, impartial pensions guidance through the Money and Pensions Service—MaPS. Pension Wise can help anyone over 50 to understand their options for accessing their DC pension pots. The Stronger Nudge to Pensions Guidance regulations ensure that no one is able to access their DC savings without receiving that guidance or opting out. In addition, before, during and after retirement, ongoing pensions guidance is available from MaPS through MoneyHelper. That guidance covers all areas of UK pensions at any age and is based around ensuring that people have access to the right guidance at the right time. The existing pensions guidance provision from MaPS already covers a significant amount of the content suggested in the proposed new clause, and there is good uptake of these services.