MPs automation proposal for Pension Wise rejected

In its response to one of the WPC's design reforms laid down in January, the government said it does not support setting a target proportion of members utilising financial advice or Pension Wise guidance. The rollout of automatic Pension Wise appointments was central across 24 reform proposals the WPC published as a roadmap to better supporting savers accessing their retirement monies. This in turn is aligned to its three-part inquiry into the success of the first five years with pension freedoms. But in its response to the WPC's eleventh outlined recommendation, the government has sa...