Jim Shannon – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Jim Shannon on 2015-02-10.

To ask Mr Chancellor of the Exchequer, what advice his Department provides to pensioners on how to invest their money.

Andrea Leadsom

At Budget 2014, the Chancellor announced a number of measures to give people more choice about how they use and manage their money in retirement.

The Chancellor announced that from April 2015, anyone 55 and over will be able to access their defined contribution pension savings and use the savings as they choose.

A new service, Pension Wise, will provide guidance online, face-to-face and on the phone, and will be up and running in time for April 2015.

The website, in pilot form, is already available.