Mere 16% of over-55s find Pension Wise site useful - report

All three guidance bodies unsatisfactory online

Hannah Godfrey
clock • 1 min read

Fewer than one in five over-55s have found the online guidance from The Pensions Advisory Service, Pension Wise and the Money Advice Service useful, a report by MetLife has found.

The report found less than a quarter (23%) of retirees found The Pensions Advisory Service website useful, while a mere 16% said the website of the government's free at-retirement guidance service Pension Wise was a useful tool for retirement planning.   A further 16% said the Money Advice Service website had been useful to them.  MetLife's report Real Pension Freedom: The Delivery Scorecard surveyed 960 over-55s and 109 specialist retirement advisers in October 2016.  It detected a series of challenges for the government in tackling the issues surrounding the current consumer guid...

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