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<p>The Government is committed to ensuring that individuals are equipped and empowered
to make informed decisions about how to use their pension savings through the Pension
Wise service.</p><br /><p>The Financial Conduct Authority’s (FCA) standards for the
service state that guidance should provide the consumer with information about long-term
care needs, sustainability of income in retirement and life expectancy, to the extent
that they are relevant. Pension Wise guidance therefore prompts consumers to think
about their retirement objectives and wider financial circumstances when deciding
on what to do with their pension pot. As part of this consumers are asked about whether
they receive any benefits, other retirement income, outgoings in retirement, and plans
to continue working. The guidance is designed to equip consumers to consider questions
about their situation as a whole, and directs them to further sources of information
as suitable. Where it is clear that consumers need specialist help, they are directed
to the appropriate source of guidance and information.</p><br /><p>Pension Wise is
constantly assessing and evaluating the service to ensure that user needs are met.
As such, it is currently actively considering a number of developments, as part of
our continuous service improvement, to make Pension Wise even more useful to consumers,
including tailoring session content more closely to individual circumstances.</p><br
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