Treasury Financial Secretary Mark Hoban has confirmed the Government will explore early access to pension funds.
Earlier this month, Money Marketing revealed officials were planning to look into the policy.
Addressing the Pensions Policy Institute last night, Hoban (pictured) said: “I would like to announce that the Government will be issuing a call for evidence on early access to pension funds later this month.
“I, personally, am keeping a very open mind on the issue. My main priority is to ensure that any policy changes are focussed on encouraging more people to save more towards their retirement and we need to remain aware of the risks to people’s retirement income of increased flexibility.”