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Written question asked by Ian Blackford (Scottish National Party) on Friday, 20 November 2015, in the House of Commons. It was due for an answer on Tuesday, 24 November 2015. It was answered by Harriett Baldwin (Conservative) on Tuesday, 1 December 2015 on behalf of the Treasury.

Pensions: Advisory Services

Question

To ask Mr Chancellor of the Exchequer, how many people making use of new pension freedoms have sought professional, regulated financial advice since April 2015.

Answer

The Government does not hold the information requested.


However, the Government is committed to ensuring that all consumers can access high quality, affordable advice so they can make informed decisions about their hard-earned money.


That is why the Treasury has launched, jointly with the Financial Conduct Authority (FCA), the Financial Advice Market Review which will examine how consumers can best be provided with the help and advice the need.


The Treasury and the FCA published a Call for Input on 12 October seeking views from all interested parties on how financial advice could work better for consumers. The Call for Input will run until 22 December and the review will report back with proposals ahead of Budget 2016.

Secondary information

Type
Written question
Reference
17096
Session
2015-16
Subjects
Advisory services Pensions
Contains statistics
Yes
Link
View this Written question on www.parliament.uk