Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, if he will bring forward legislative proposals to compel employers to inform departing employees of their pension options.
Legislation already requires scheme providers and trustees to provide information to members both on request and, in Defined Contribution schemes, at least annually.
In addition legislation requires those with defined contribution savings to receive information in advance of retirement, which will also signpost members to the government’s Pension Wise service with whom members can discuss their pension options.