The Work and Pensions Select Committee announces publication of a response from the Financial Conduct Authority to its report on Pension freedom guidance and advice and the Government response to its report on Welfare-to-work.
The Pensions Freedom debate at the DWP was met with a lot of interest.
Pension Wise is the Government’s free guidance service on defined contribution pension options. This move is in line with a recommendation by the Committee in the previous Parliament.
Frank Field MP, chair of the Committee, said:
"Our predecessor Committee saw that it made more sense for the Department responsible for pensions to also oversee this important service providing guidance on the new pensions options. We are very glad that the Treasury now agrees and we welcome this move. It will be important that the Department maintains close links with FCA to monitor the progress of the reforms. We will be keeping a close eye on this over the course of the Parliament."
We have re-published the DWP Pensions Discussion:
You can download these reports here:
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