Had a good or bad experience with pensions advice or guidance?

Former_MSE_Will

Hi all,

MPs in the Work and Pensions Committee are asking questions on this topic to the FCA and the Government this morning.

You can stream it online live right now and it should also be available to watch back later.

SnowMan

MSE_William wrote: »

Hi all,

MPs in the Work and Pensions Committee are asking questions on this topic to the FCA and the Government this morning.

You can stream it online live right now and it should also be available to watch back later.

Thanks.

Watched that and it looked a very constructive session.

Harriet Baldwin (Economic Secretary to the Treasury) did a very good job communicating what was going on :T From my experience her answers accurately reflect how things are going with Pension Wise.

Former_MSE_Will

SnowMan wrote: »

Thanks.

Watched that and it looked a very constructive session.

Harriet Baldwin (Economic Secretary to the Treasury) did a very good job communicating what was going on :T From my experience her answers accurately reflect how things are going with Pension Wise.

Great, glad you found it an interesting one to tune in to.

neil1960

PaulGH wrote: »

Hi - Despite all the legislation about being flexible and being able to move pensions, I have been told I can only move mine if I can prove that I have had independent financial advice. Having enquired about it, it will cost me in excess of £1,500 !!! And they look at it in pure economical terms, e.g. your expected lifespan is until age 85 so let me do the financials to age 85 and see what makes financial sense . The reality is that I want the money early so that I can still enjoy life and travel the world while I am fit enough to do it !!! Not much point in me having a bigger pension at age 80 + when I will probably only be fit enough to walk to my local shop !!! Please give us the flexibility to make our own decisions about how we want to enjoy life without having to pay big fees to Financial Advisers !! They are making a lot of money from this !!!

Your post is nearly word for word the same as mine posted elswhere 6weeks orso ago. I know there are several people in my old company in a similarposition, so reading your post suggests to me that the number of people up& down the country in this position could be in the 10,000's. I havewritten to my MP who has in turn written to the treasury minister. I'll keepyou posted as to the reply. If I get no joy then I suggest the next step is tostart a campaign/petition etc for a change in legislation.

neil1960

MSE_William wrote: »

Great, glad you found it an interesting one to tune in to.

Do you know if it is available to d/l or watch any where?

SnowMan

neil1960 wrote: »

Do you know if it is available to d/l or watch any where?

You can still watch it from the link that MSE William gave. The first part is the FCA answering questions and the second section is the Treasury answering questions

http://www.parliamentlive.tv/Event/Index/5c5a26a8-f4d2-4ce5-b984-4b0c920c4024

The main Pension Freedom and Guidance enquiry page is at

http://www.parliament.uk/business/committees/committees-a-z/commons-select/work-and-pensions-committee/inquiries/parliament-2015/pension-advice-15-16/

Former_MSE_Will

Hi all,

The Work and Pensions Committee has today published its report into pension freedoms. Thanks again for all your comments on this thread. In its report, the Committee also thanks everyone who commented.

If you'd like to read the report, please do so and feel free to share your thoughts.