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Pensions changes 2015: Guidance booking not available yet Pensions changes 2015: Guidance booking not available yet
(about 2 hours later)
Hundreds of thousands of savers are still unable to book free guidance about forthcoming pensions changes, experts have warned.Hundreds of thousands of savers are still unable to book free guidance about forthcoming pensions changes, experts have warned.
The Government has promised impartial advice sessions on the reforms, which will be introduced on 6 April.The Government has promised impartial advice sessions on the reforms, which will be introduced on 6 April.
The helpline to book sessions to help over-55s decide whether to cash in their pensions savings or keep an annuity is not yet open.The helpline to book sessions to help over-55s decide whether to cash in their pensions savings or keep an annuity is not yet open.
The Treasury said it has been piloting the service and making improvements.The Treasury said it has been piloting the service and making improvements.
A spokesman said: "We have been piloting sessions of the Pension Wise service and gathered feedback from users and guidance specialists in order to ensure it is as good as possible for when the pensions freedoms come into force in April.A spokesman said: "We have been piloting sessions of the Pension Wise service and gathered feedback from users and guidance specialists in order to ensure it is as good as possible for when the pensions freedoms come into force in April.
"As you would expect, in developing the service we have made continuous improvements to the content of the sessions.""As you would expect, in developing the service we have made continuous improvements to the content of the sessions."
The government said people would be able to book appointments later this month.The government said people would be able to book appointments later this month.
Under the changes people will be able to access the entirety of their pension pots. At the moment most of someone's pension savings have to be used to buy an annuity, giving an income for life.Under the changes people will be able to access the entirety of their pension pots. At the moment most of someone's pension savings have to be used to buy an annuity, giving an income for life.
David Braithwaite, an independent financial advisor, said "This should have been handled better" and many people would be wanting help.David Braithwaite, an independent financial advisor, said "This should have been handled better" and many people would be wanting help.
He also said he was "very, very wary" about the quality of the advice that would be available,He also said he was "very, very wary" about the quality of the advice that would be available,
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