Rachel Reeves – 2016 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Rachel Reeves on 2016-05-23.

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.

Justin Tomlinson

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.