The National Association of Pension Funds says it welcomes the recommendation of a money guidance service, including an emphasis on the workplace as a delivery avenue.
The NAPF says it has found that face-to-face group meetings are the preferred method for receiving information about retirement planning.
Chief executive Joanne Segars says the introduction of money guidance is a welcome and much needed innovation.
She says: “We are particularly heartened that the workplace is seen as a key part of the proposed new service. The NAPF’s experience through its PENSIONSFORCE service has shown that face-to-face meetings are a popular and effective means of communicating financial issues that can prompt people into action.”