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answer › question first answered	2019-06-13T10:57:04.047Z
answer › date of answer	2019-06-13
answering dept sort name	Work and Pensions

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registered interest

date

exactly:

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answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1131014

registered interest

date

10/06/2019

answering body

Department for Work and Pensions

answering dept id

answering dept short name

Work and Pensions

answering dept sort name

Work and Pensions

hansard heading

Pensions: Consumer Information

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Work and Pensions, with reference to the Association of British Insurer's report: Principles for tailoring retirement risk warnings, published in May 2019, what assessment she has made of the potential merits of ensuring that age-appropriate warnings are provided when information is given on (a) pension scams, (b) employer contributions in relation to pensions, (c) tax matters in relation to pensions, (c) life expectancy in relation to financial planning and (d) lasting power of attorney in relation to financial and health matters.

tabling member constituency

Newcastle-under-Lyme

tabling member printed

Paul Farrelly

uin

262270

answer

is ministerial correction

date of answer

13/06/2019

answer text

The Department for Work and Pensions has engaged with the Financial Conduct Authority on their proposals to improve the information received by pension scheme members. The department is working with the Pension Regulator as to how best to introduce equivalent measures for occupational pension schemes and will also seek to involve industry stakeholders such as the Association of British Insurers in this work.The Government considers that providing people with the right information at the right time can be key in helping them make more effective decisions about their pension savings. It is sensible to tailor communications to people’s circumstances. There will be some differences in the information someone in work would find more helpful than someone aged 75 or over who is already retired. It is important, however, that all savers are alerted to the risks posed by pension scams and we welcome the inclusion of that messaging in the approach proposed by the Association of British Insurers.

answering member constituency

Hexham

answering member printed

Guy Opperman

question first answered

13/06/2019 10:57:04

answering member

4142

	label	Biography information for Guy Opperman

tabling member

1436

	label	Biography information for Paul Farrelly