PFS calls for generic advice volunteers

Advisers who are IFAs or whole of market and are qualified to at least the DipPFS level can volunteer to help raise the level of financial capability of the average member of the public in their community. The project – to be known as ‘Moneyplan’ – follows a pilot in 2005 where the most successful advice model involved IFAs providing advice by appointment at the bureau premises, usually once a week. Typical enquiries ranged from endowment policies and pension choices to translating the documents clients had received from financial companies. The CAB claims 79% of clients took action fo...