Part 4

Financial planning for retirement

Retirement planning

Promoting and facilitating financial planning for retirement
234
1
The Secretary of State and the Northern Ireland Department may take action for the purpose of promoting or facilitating financial planning for retirement.
2
The action may in particular include the provision of facilities for the purpose of enabling or assisting an individual or a person authorised by him—
a
to estimate the financial resources the individual is likely to need after his retirement;
b
to estimate the financial resources that are likely to be available to the individual after his retirement, from pensions and other sources;
c
to ascertain what action might be taken with a view to increasing the financial resources available to the individual after his retirement.
3
This section does not authorise the Secretary of State or the Northern Ireland Department to take action which the Secretary of State or the Northern Ireland Department would otherwise be prohibited from taking under section 21 of the Financial Services and Markets Act 2000 (c. 8) (restrictions on financial promotion).
4
In this section “the Northern Ireland Department” means the Department for Social Development in Northern Ireland.