To ask the Secretary of State for Work and Pensions, when the impartial pensions guidance rules covered by Clauses 18 and 19 of the Financial Guidance and Claims Act 2018 are planned to be introduced.
Answered on
26 October 2020
We will be publishing a statement of policy intent shortly which will set out how we plan to implement the stronger nudge (Section 19 of the Financial Guidance and Claims Act) for occupational pensions.
Following this, we will consult on draft Regulations which will come into force at the earliest opportunity.
We are working closely with the FCA who will consult on rules for personal and stakeholder pensions, which will also come into force at the earliest opportunity
Answered by
Department for Work and Pensions