At-retirement financial advice in the workplace report

Document type
Roux, Teresa; Echalier, Melissa; Luheshi, Sarah
Pensions Policy Institute
Date of publication
20 September 2016
Poverty Alleviation Welfare Benefits and Financial Inclusion, Employment
Social welfare
Material type

Download (401KB )

The report draws heavily on new qualitative research conducted by Bdifferent exploring employer’ reactions to two new initiatives that Her Majesty’s Treasury is considering:

  • Increasing the tax exemption around employer-arranged pensions advice from £150 to £500.
  • Introducing a Pensions Advice Allowance which allows DC savers to withdraw up to £500 from their DC pension funds without incurring a tax penalty, provided that this amount is used to purchase pre-retirement advice.

This research provides an overview of some of the options with the aim of stimulating discussion around these, rather than providing any quantitative analysis of the likely outcomes of each option. 

Further investigation would be required to evaluate each option in order to assess the potential outcomes from these.

Related to Poverty Alleviation Welfare Benefits and Financial Inclusion

Labour's proposed income tax rises for high-income individuals

Briefing note on Labour's proposed income tax rises

Should generations differ in their wealth accumulation

Working paper on wealth accumulation across the generations

Employees earnings since the great recession: the latest picture

Briefing note on changes in earnings over time

More items related to this subject