Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps his Department is taking to ensure that the pensions dashboard has functionality built in to prevent people from overspending their lump sums.

The aim of a pensions dashboard is to enable savers to see all their pension savings digitally and in one place.

We will work closely with industry in designing and delivering a pensions dashboard by 2019. This will include looking at a range of potential options and features which could form part of any pensions dashboard.

The Government’s Pension Wise service provides free, impartial guidance to people seeking to access their pension savings, including help on making their money last.