AIFA backs Money Guidance plan

Chris Cummings, director general of AIFA, also applauded the plan to use the FSA levy to raise funds from the industry arguing it would keep administration costs to a minimum. The Thoresen Review, a project overseen by AEGON UK chief executive Otto Thoresen, yesterday unveiled plans for the Money Guidance scheme, arguing it would provide UK residents with the knowledge, understanding and confidence to make better decisions about money issues. Chiefly targeting the 7.5 million people seen as most vulnerable in society but open to everyone, the service would provide information and guidance...