Election 2010: Tories to launch free nationwide advice service

clock

The Tories have unveiled plans to launch Britain's first free national financial advice service at a cost of £50m a year.

The service will be rolled out across the UK within a year of a Conservative government coming to office, confirmed a party spokesperson. It will provide "impartial and independent" guidance via face-to-face sessions, telephone and online information. The nationwide service will cost £50m per year to set up and operate and will be funded through a new social responsibility levy on the financial services sector. The free advice service is part of the Tory Party's wider plans to promote what it describes as "responsible consumer finance" and sits alongside its initiative to replace t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read