Written question asked by Jonathan Ashworth (Labour) on Wednesday, 25 January 2023, in the House of Commons. It was due for an answer on Monday, 30 January 2023 (named day). It was answered by Laura Trott (Conservative) on Monday, 30 January 2023 on behalf of the Department for Work and Pensions.

Pension Wise

Question: To ask the Secretary of State for Work and Pensions, whether his Department is taking steps to increase the uptake of Pension Wise appointments.

Answer: The Government has taken steps to increase take up of Pension Wise guidance. The Stronger Nudge to Pensions Guidance regulations were introduced in June 2022. This places a duty on pension schemes to ensure that any savers accessing their Defined Contribution savings have either received Pension Wise guidance or made an active and clearly expressed decision to opt out of guidance. As part of this, schemes are required to offer to book an appointment on the saver's behalf, at a time and date suitable for the saver. The Stronger Nudge aims to increase take-up of Pension Wise guidance by presenting it as a normal part of the access journey.

Secondary information