The new Pension Wise service is being tested ahead of launch to ensure it meets any potential demand surges, according to pensions minister Steve Webb.
The service is to be soft launched next month to test user reaction and gauge capacity. While the telephone and face to face guidance service opens for business on 6 April it is expected a small number of people will be invited to take part in guidance sessions once the plans receive Royal Assent. "We wouldn't be able to do this for tens of thousands of people but we could do it for some people," he said. "It will be useful to know how it will work as early on as possible. "We need to plan for what the steady state of demand is likely to be as well as for any surge capacity we migh...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes