24th March 2015
A phone line to give guidance to people ahead of April’s pension reforms has opened, just two weeks before the changes take effect.
Anyone over the age of 55 can now call the government’s Pension Wise service to get help, or book a face-to face interview.
The number is 030 0330 1001.
“With only 2 weeks to go until the new freedoms go live, it has been a close run thing for the Treasury to get the promised service up and running,” said Tom McPhail, a pension expert at Hargreaves Lansdown.
Due to the Easter break, there are now only seven working days before the changes on April 6th.
Hargreaves Lansdown has also listed what Pension Wise will and will not offer.
What the Pension Wise service will cover:
What the Pension Wise service will not cover: