Commenting on the DWP Consultation “Stronger nudge to pensions guidance” Michael Ambery, Partner, Hymans Robertson says:

“We warmly welcome the DWP Consultation “Stronger Nudge to Pensions Guidance” and fully support the use of signposting. We believe signposting would likely improve outcomes for individuals and ensure products meet an individual’s needs, as well as providing awareness of other pensions and savings products. Signposting would also provide much needed awareness and education on options at the point of retirement, and stop a generation from sleepwalking into making default decisions that may be detrimental.”