Displaying items by tag: Pension Wise

Wealth manager and platform Quilter says the ‘stronger nudge’ towards pensions guidance, introduced a year ago, has so far produced “lacklustre” results and needs to be beefed up.

A SIPP consultant has critcised the Financial Conduct Authority (FCA)’s new rules for a stronger nudge towards pension guidance.

A lack of advice for pension savers risks the flexibilities offered by pension freedoms being a failure, according to a new report from the Work and Pensions Select Committee.

SIPP providers will be required from June to “strongly nudge” pension savers to get government-funded pension guidance when they decide to access their pension savings, the FCA confirmed today.

The Financial Conduct Authority’s (FCA) pension guidance consultation is too skewed to promotion Pension Wise and risks detracting from Financial Planners who may better serve customers, according to pension and investment providers.

Two in three UK adults aged 45-65 view the government as doing “terribly” in its attempts to make using Pension Wise the norm for pension guidance, according to new research.

The DWP is set to "nudge" more DC pension savers to get guidance from Pension Wise - the government consumer help service - when they near taking pension benefits.

The government-backed pension advisory Pension Wise says its users are more likely to use a financial adviser after taking guidance from the service.