Pensions: Scotland

(asked on 20th July 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many people in Scotland have received guidance from the Pension Wise guidance service (a) face-to-face, (b) by telephone and (c) online.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
Shadow Minister (Business and Trade)
This question was answered on 9th September 2015

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. Data for the proportion of people who have used the freedoms following a Pension Wise appointment is not collected.

As announced on 21 July, nearly 18,000 free Pension Wise guidance appointments over the phone and face to face are being delivered and more than 925,000 people have used the Pension Wise website, with many people returning to the site regularly.

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