The government is committed to ensuring that when preparing for retirement, savers are encouraged to access appropriate pensions guidance.
Pension Wise provides free, impartial guidance to help individuals aged 50 or over understand the options available to them with a defined contribution (DC) pension - which might be personal or workplace (with the latter including GPP and occupational DC). In 2019/20, the Stronger Nudge trials demonstrated a significant increase in the take-up of Pension Wise guidance when individuals were ‘nudged’.
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