Financial Services Reforms Debate

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Department: HM Treasury

Financial Services Reforms

Nick Smith Excerpts
Tuesday 11th July 2023

(10 months, 1 week ago)

Commons Chamber
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Nick Smith Portrait Nick Smith (Blaenau Gwent) (Lab)
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The Minister says that he wants the “best possible outcomes” for pension savers. The pensions dashboard, which is designed to help pensioners understand their pension’s performance, was promised by Chancellor George Osborne, but it is still delayed. When will the pensions dashboard be delivered to support UK pensioners?

Andrew Griffith Portrait Andrew Griffith
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My hon. Friend the Minister for pensions is proceeding at pace to deliver that important element in people’s ability to access the most information. It is just one component. We want people to have good pension choices and to understand the ways that investments are being made. The hon. Gentleman will understand, because we have engaged in the past about pensioners not necessarily having had the best information available to them in a regulated way, that it is better to be right in this case than to be fast.