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Pensioners to receive independent 'impartial' guidance

Savers will receive free independent guidance as part of a move to give unfettered access to their pension funds from next year, the government said.

The Government's response to the consultation, published today, confirmed that the Government will continue to allow individuals to transfer from private sector defined benefit schemes to defined contribution pension schemes.

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Osborne: 'Free and impartial advice' over pensions

Chancellor George Osborne has said that "free and impartial advice" on pensions will be delivered by the Government using organisations like Citizen's Advice Bureau and Age UK.

Mr Osborne said the steps meant people could "make the right choices" and know that they are getting "good, independent guidance that is right for them".

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