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<p>The Government is committed to ensuring that people have the support and information
they need to make informed choices about their financial future. The Government ensures
everyone has access to free impartial pension guidance through the Money and Pensions
Service (MaPS).</p><p> </p><p>The Stronger Nudge to pensions guidance regulations,
which came into force on 1 June 2022, ensures no-one will be able to access their
savings through pension freedoms without having received Pension Wise guidance or
opted out of receiving it. As part of the application process, schemes offer to book
a Pension Wise appointment for individuals, supporting them to access the right guidance
at the right time. This is likely to be one of the reasons for 16% more Pension Wise
appointments attended between July 2022 and March 2023 than in the same period in
2021/22.</p><p> </p><p>The midlife MOT is supporting people in their 40s, 50s and
60s to plan their next career move and better prepare for later life by taking stock
of their finances, skills and health. We are delivering this through three different
channels, providing free online support; face to face to eligible Universal Credit
claimants; and to employees via our private sector pilot.</p><p> </p><p>The Department
is currently reviewing responses to our recent ‘Helping savers understand their pension
choices’ call for evidence around the support and information savers need when accessing
their pensions. We will respond to this in due course.</p>
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