Consultation outcome

Helping savers understand their pension choices: supporting individuals at the point of access

• From: Department for Work and Pensions
• Published: 11 July 2023
• Last updated: 22 November 2023 — See all updates

This was published under the 2022 to 2024 Sunak Conservative government

This consultation has concluded

Read the full outcome

Helping savers understand their pension choices: supporting individuals at the point of access: consultation response

HTML

Helping savers understand their pension choices: supporting individuals at the point of access: consultation response

PDF, 450 KB, 32 pages

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Detail of outcome

The government published its response to this consultation on 22 November 2023.

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Original consultation

Summary

This is a consultation on a policy framework for supporting individuals on how to use their private pension savings at the point of access.

This consultation ran from
7am on 11 July 2023 to 11:59pm on 5 September 2023

Consultation description

This document includes:

• a response to the products and services element of the call for evidence on Helping savers understand their pension choices
• a set of policy consultation questions on support and products to be made available to members of occupational pension schemes
• an exploration of next steps

We would welcome responses from:

• pension scheme trustees and managers
• pension scheme service providers, other industry bodies and professionals
• employers who sponsor an occupational pension scheme
• individual pension savers

We have also published an analysis of the impact of July 2023 pension package on member outcomes.

Documents

Helping savers understand their pension choices

HTML

Helping savers understand their pension choices

PDF, 332 KB, 35 pages

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Stopping saving and pension in payment statistics

MS Excel Spreadsheet, 48.1 KB

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Stopping saving and pension in payment statistics

ODS, 25.1 KB

This file is in an OpenDocument format

This file may not be suitable for users of assistive technology.

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Published 11 July 2023
Last updated 22 November 2023 + show all updates

1. 22 November 2023

   Published the government's response to the consultation.

2. 14 July 2023

   Added an HTML version of the consultation.

3. 11 July 2023

   First published.