Financial Inclusion Action GroupStephanie Brown – Pension Wise Guidance Specialist

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Pension Wise

pensionwise.gov.uk

What I will cover today• What is Pension Wise?

• Who is suitable for the service?

• The guidance session

• Case Study

• Questions

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pensionwise.gov.uk

What is Pension Wise? • Free and impartial government service

• Defined contribution (DC) pensions

• To help people understand their options

• To help people avoid falling victim to scams

• Face to face appointments available at CAB

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pensionwise.gov.uk

Who is the service for?

• Close to or over 55 or younger in certain circumstances such as a life limiting illness

• Have a defined contribution pension

• Most benefit if close to retirement decision

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pensionwise.gov.uk

The guidance session

• Around 45 minutes

• Explains new freedoms and options

• What it means for your circumstances

• Shopping around, taxes and scams

• Next steps

• Summary letter

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pensionwise.gov.uk

Case Study

Fred

pensionwise.gov.uk

Questions?

For further information, please contact:

Stephanie Brown – Pension Wise Guidance Specialiststephanie.brown@darlingtoncab.co.uk01325 256999 ext 140

www.pensionwise.gov.uk

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