Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what take-up targets she has set for Pension Wise guidance usage when non-advised savers access defined contribution pension benefits in relation to sections 18 and 19 of the Financial Guidance and Claims Act 2018.

We will continue to monitor the use of advice and guidance when accessing pension savings.

We want to increase awareness of Pension Wise guidance, by presenting taking guidance as a natural part of the customer journey, and making it easier to book an appointment - following sections 18 and 19 of the Financial Guidance and Claims Act. Based on the results of the Stronger Nudge trials, we expect this would lead to an increase in the take up of Pension Wise guidance.