Steve Webb: Pension Wise cash should have gone towards advice

The ex-minister, in post for the entire coalition government, said giving people access to subsidised regulated advice would give them a better understanding that what is accessible through Pension Wise. Webb oversaw the introduction of pensions freedom, the package of reforms announced in the 2014 Budget, which included a Pension Wise guidance session for all retirees. Pension Wise is operated jointly by Citizens Advice, on a face to face basis, and The Pensions Advisory Service over the phone.  Speaking at Barnett Waddingham's annual conference, he said: "Given the tens of millio...