Money Guidance must reach lower-paid

The government's Money Guidance scheme will roll out over the next three years, but several details need clarification to prevent it from falling flat, according to industry figures. Addressing advisers at a panel debate during the International Investment forum last month, former secretary of state for work and pensions David Blunkett said it is crucial the scheme targets the lower end of the wealth spectrum. Money Guidance was originally proposed by the Thoresen Review of how to get financial advice to lower earners. "If the Money Guidance service does not dramatically touch a large...