Pension Wise

Would Pennywise the clown scare some sense into retirees?

Savers approaching retirement should be defaulted into a not-for-profit annuity broker to protect them from making poor decisions after new flexibilities come in, argues the Centre for Policy Studies (CPS).

The Department for Work and Pensions (DWP) has published draft amendments to the regulations governing the incoming pension flexibilities.

The Pension wise website has been launched by the government as part of plans to roll out a guidance guarantee service from April.

The Treasury will make it a criminal offence for fraudsters to masquerade as Pension wise service providers after taking action against a suspected scam site.