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<p>Government has already assessed, and continues to assess, the impact of the pension
freedoms.</p><p>In advance of the introduction of the freedoms a Tax Information and
Impact Note was published by HM Revenue and Customs. This is available on the Gov.uk
website.</p><p>An impact assessment was also published for amendments to the 2015
Pension Schemes Act which covered transfers from private sector defined benefit schemes.
This is available on the Parliament website.</p><p>Looking forward, HMRC publishes
quarterly releases on flexible withdrawals from pensions, and the Financial Conduct
Authority also produces regular bulletins on retirement income market data. My Department
regularly meets with other government departments, non-departmental public bodies,
regulators, think tanks and industry representative groups to consider how industry
and individuals are responding to the freedoms.</p><p>The Government committed in
its response to the Work and Pensions Select Committee in December 2015 to publish
findings from the Pension Wise evaluation research in 2017. This work is now underway
with Ipsos MORI and the early findings covering customer experiences of the service
were published in October 2016 on the Gov.uk website. Further publications from this
programme will follow in 2017 including a comparison between users of the service
compared with non-users to identify the impact of the service on understanding of
the new pension freedoms.</p><p> </p>
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