Pension Wise Vs The Pension Advisory Service

Man sitting on laptop looking at the Pension Advisory Service website.


MoneyPlus Features Team

16th November 2015 at 7:00am

With a number of different pension guidance websites available nowadays it can be difficult to find the best place to find the right information. We’ll have a look at two of the most well-known and impartial pension guidance sites in the UK to help you find the one that’s right for you. 

Pension Wise

Pension Wise is a free and impartial government service that was created following the pension freedoms announcement by George Osborne, Chancellor of the Exchequer in 2014. It’s a government initiative that provides guidance on how to make the most of the new pension freedoms that came into effect in April 2015.

Who is Pension Wise for?

Pension Wise only provides guidance on defined contribution pensions. So if you’re 50 years old or over and have a defined contribution pension then Pension Wise can help you. 

Pension Wise offers a range of guides covering everything from your information on your type of pension scheme to guidance on:

  • what you can do with your pension pot

  • how to shop around to find the best provider

  • how to look out for taxes and fees

  • how to spot scams

  • how to ensure your money lasts as long as you need it to.

You can book a free 45 minute appointment with a Pension Wise guidance specialist if you have any questions or if you’re looking for personal guidance on what you can do with your pension. These can be over the phone or face to face.

Remember defined contribution pensions are not final salary or career average pensions – so if you have one of these pensions you can visit The Pension Advisory Service for guidance.

What is The Pension Advisory Service? 

The Pension Advisory Service is a network of volunteers who offer free and impartial guidance to people with workplace and personal pensions.

They are the people who help people with pensions and they’ve been around for over 30 years. The volunteers are from all sectors of the industry and use their expertise to answer any questions you may have and investigate and help resolve your complaints.

Who is The Pension Advisory Service for?

It’s for anyone that is looking for pension guidance. The website offers a wide range of easily accessible guidance on everything from pension basics and retirement options to common concerns.

The Pension Advisory Service also offers online enquiry services, webchat and a telephone helpline offering free guidance.

Getting guidance

It’s always a good idea to get as much guidance as you can before you make any big life decisions. Both Pension Wise and The Pensions Advisory Service offer free, impartial guidance designed to help you make informed decisions about your pension.

Whatever your pension scheme and whatever your questions are, we hope this helps you find the right guidance provider for you.

Join the conversation

How do you search for pension guidance? Join the conversation and follow us on twitter @StandardLifeUK and Facebook and let us know about your own experience.