PBR: £20m funding boost for Money Guidance

The Government and the FSA will put each put in 50% to cover the cost of the service in 2010-11, according to documentation released with the PBR. The Report also says the Government will then commit 25%, up to £100m, from funds released through the Dormant Accounts Scheme over several years to support the continuation of Money Guidance. Today's announcement marks the strongest indication yet of the Government's long-term commitment to the scheme following a successful pilot programme earlier this year. In Spring 2010 the service will be rolled out across the UK, with the aim of pr...