Savers unaware of pension guidance service

More than half of over-40s don’t know whether they will be eligible for the government’s free pension guidance service (Pension Wise), research by Partnership has found.

Pension savers will have access to free and impartial guidance on how to benefit from the pension reforms that will be introduced in April 2015.

However, a survey of more than 2,000 people over 40 by annuity provider, Partnership, found:

  • 53% aren’t sure if they will be able to access the service
  • 18% said they know they’re not eligible
  • 29% know they are eligible.

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