Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to Q82 of the oral evidence taken before the Treasury Committee on 4 November 2020, HC950, what plans the Financial Conduct Authority has to set a target for take-up of Pensions Wise.

This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the right honourable Gentleman’s question by letter. A copy of the letter will be placed in the Library of the House.