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PMI
7 September 2021

The PMI response to DWP’s call for evidence - Stronger nudge to pensions guidance

We agree on the principle of delivering the Stronger Nudge to those 50 and over is appropriate although the earliest age for accessing pensions in most cases is 55increasing to 57. Might 50 be too early particularly as the proposal is to only nudge once?

PMI is the professional body that supports and develops those who work in the pensions industry. PMI offers a range of qualifications designed to meet the requirements of those who manage workplace pension schemes or who provide professional services to them. Our members (currently some 7,000) include pension managers, lawyers, actuaries, consultants, administrators, and others. Their experience is therefore wide-ranging and has contributed to the thinking expressed in this response. Due to the wide range of professional disciplines represented, our members represent a cross-section of the pensions industry as a whole.

PMI is focused on supporting its members to enable them to perform their jobs to the highest professional standards, and thereby benefit members of retirement benefit arrangements for which they are responsible.

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Last update: 14 September 2021

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