Ian Blackford – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Ian Blackford on 2015-11-20.

To ask Mr Chancellor of the Exchequer, how many people making use of new pension freedoms have sought professional, regulated financial advice since April 2015.

Harriett Baldwin

The Government does not hold the information requested.

However, the Government is committed to ensuring that all consumers can access high quality, affordable advice so they can make informed decisions about their hard-earned money.

That is why the Treasury has launched, jointly with the Financial Conduct Authority (FCA), the Financial Advice Market Review which will examine how consumers can best be provided with the help and advice the need.

The Treasury and the FCA published a Call for Input on 12 October seeking views from all interested parties on how financial advice could work better for consumers. The Call for Input will run until 22 December and the review will report back with proposals ahead of Budget 2016.