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star this property human indexable true more like this
star this property published true more like this
star this property registered interest false more like this
star this property answer date less than 2019-06-13more like thismore than 2019-06-13
star this property date less than 2019-06-10more like thismore than 2019-06-10
star this property date tabled less than 2019-06-10more like thismore than 2019-06-10
star this property ddp created less than 2019-06-10T22:00:25.790Zmore like thismore than 2019-06-10T22:00:25.790Z
star this property answering body
Treasury more like this
star this property question status Tabled more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property ddp modified
less than 2019-06-11T13:15:13.425Zmore like thismore than 2019-06-11T13:15:13.425Z
less than 2019-06-13T13:56:01.694Zmore like thismore than 2019-06-13T13:56:01.694Z
star this property hansard heading Pension Funds: Consumer Information remove filter
star this property house id 1 more like this
star this property identifier 262271 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property parliament number 57 more like this
star this property question first answered
less than 2019-06-13T13:25:01.897Zmore like thismore than 2019-06-13T13:25:01.897Z
star this property question text To ask the Chancellor of the Exchequer, what recent assessment she has made of the adequacy of advice given to retirees accessing their pension funds for the first time. more like this
star this property session
2017/19 more like this
star this property session number 1 more like this
star this property tabling member constituency Newcastle-under-Lyme more like this
star this property tabling member printed
Paul Farrelly more like this
star this property title House of Commons Tabled Parliamentary Question 2017/19 262271 more like this
star this property type
WrittenParliamentaryQuestion
star this property uin 262271 more like this
star this property version 2 more like this
star this property written parliamentary question type NamedDay more like this
star this property answer
answer
unstar this property answer text <p>The Government works closely with the Financial Conduct Authority (FCA), the independent financial services regulator, to ensure that the market for pensions advice works well, competitively and fairly, especially as consumers now have a wider variety of choice, with the onset of pension freedoms.</p><p>In 2017, the FCA published the results from its Assessing Suitability Review (ASR I) which looked at pension and investment advice delivered during 2015. The review showed that generally financial advice was suitable in 93.1% of cases, across a statistically representative sample of the entire market. The FCA are undertaking further work looking at the market for pensions transfer advice.</p><p>In August 2015 HM Treasury and the FCA launched the Financial Advice Market Review (FAMR) and have since then implemented its recommendations to ensure the financial advice market works better for consumers. The government and FCA are conducting a review of FAMR throughout 2019.</p><p>The Government is also committed to ensuring that people have access to free-to-access financial guidance and information on the options available to them when accessing their Defined Contribution pension, which is why PensionWise, now part of the Money and Pensions Service (MAPS), was set up in 2015.</p>
star this property question first answered
less than 2019-06-13T13:25:01.897Zmore like thismore than 2019-06-13T13:25:01.897Z
unstar this property answering member 4051
star this property creator
1436
star this property label Biography information for Paul Farrelly more like this
star this property publisher
25259
star this property pref label House of Commons more like this
star this property tabling member
1436
unstar this property label Biography information for Paul Farrelly more like this