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New measures introduced to protect savers and boost pension guidance take-up

The “Stronger Nudge to pension guidance” measures, which come into force on 1 June 2022, will require occupational pension schemes to present guidance as a routine part of accessing pension savings. They must also offer to book a Pension Wise appointment for the individual, unless they wish to opt out of receiving guidance.

Pension Wise is a UK government service that provides free, impartial, guidance to help individuals aged 50 and over consider the options for accessing their defined contribution (DC) pension.

For further information visit GOV.UK
 


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