Members of the Retirement Line team recently contributed to the national strategy of the new Money and Pensions Service. Attending a ‘Listening Event’ in Peterborough, we provided input on a range of issues, drawing on our experience of helping thousands of clients with their annuity purchase.
The overriding question put to attendees was: “How should the Money and Pensions Service prioritise resources to best serve the needs of customers?”
Discussions largely centred around what can be done at different stages in a person’s life. These included planning for retirement, and accessing savings and pension contributions upon reaching retirement age.
Retirement Line’s representatives provided feedback on areas where we believe the Money and Pensions Service can play a helpful role, including the following:
This event was one of several being held around the country by the Money and Pensions Service during May and June. They are part of a wider listening exercise that will run through to September 2019. People across the financial services sector, including charities and community groups, are being asked to help shape the service’s strategy and direction.
The Money and Pensions Service has been set up by government to bring together the Money Advice Service, Pensions Wise and The Pensions Advisory Service. Its objectives include improving the ability of members of the public to make informed financial decisions, ensuring that information, guidance and advice is available to those most in need of it.
Financial advisers and other industry personnel are invited to take part in the consultation process. You can find more information on the Money and Pensions Service website, including details of the remaining Listening Events.