MG info not advisers' problem

The Financial Services Authority (FSA) has assured intermediaries they will not be responsible for providing financial information to consumers as part of the Money Guidance (MG) service. The regulator has refuted industry allegations that advisers would have to step in and help out, but Cerris Tavinor, spokesperson at the FSA, said a decision still had to be made regarding who would provide monetary information at the end of the two year pilot stage. The regulatory body will finish running the pilot service and then look to work with partners with experience in dealing with consumers s...