Stephen Lowe: Why we need to see a trial for automatic Pension Wise guidance

WPC chairman Stephen Timms did not mince his words recently when discussing 'nudges' recently: "Without intervention to drive up dramatically the numbers receiving advice and guidance, savers will make poor decisions - and, in far too many cases, become scam victims - and the pension freedoms, far from living up to their name, will instead trap people in an increasingly confusing web of complexity." The free, impartial and independent guidance offered by Pension Wise was a key consumer protection measure introduced as part of the 2015 reforms. It recognised that if you are going to ask p...