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433743

registered interest
date	02/12/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pensions: Advisory Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the potential merits of expanding Pension Wise to include consideration of housing wealth as a source of retirement income.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	18444
answer	answer is ministerial correction date of answer 08/12/2015 answer text <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 /> <br /> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 08/12/2015 14:54:13 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4390 label Biography information for Ian Blackford

431371

registered interest
date	20/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pensions: Advisory Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people making use of new pension freedoms have sought professional, regulated financial advice since April 2015.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	17096
answer	answer is ministerial correction date of answer 01/12/2015 answer text <p>The Government does not hold the information requested.</p><br /><p>However, the Government is committed to ensuring that all consumers can access high quality, affordable advice so they can make informed decisions about their hard-earned money.</p><br /><p>That is why the Treasury has launched, jointly with the Financial Conduct Authority (FCA), the Financial Advice Market Review which will examine how consumers can best be provided with the help and advice the need.</p><br /><p>The Treasury and the FCA published a Call for Input on 12 October seeking views from all interested parties on how financial advice could work better for consumers. The Call for Input will run until 22 December and the review will report back with proposals ahead of Budget 2016.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 01/12/2015 17:33:18 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4390 label Biography information for Ian Blackford

389952

registered interest
date	14/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pensions: Advisory Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people have accessed the Pension Wise service in each week since the inception of that service.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	6990
answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>The pension freedoms introduced on 6 April mean that the 320,000 individuals retiring each year with defined contribution pension savings are able to access them as they wish, and around 2 million people aged over 55 now have more options when they retire.</p><p> </p><p> </p><p> </p><p>Information on Pension Wise service usage will be published in due course.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/07/2015 14:38:56 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4390 label Biography information for Ian Blackford