Government to merge financial guidance bodies into one

Diverted from two-body plan

Carmen Reichman
clock
Government to merge financial guidance bodies into one

The government is to create a single guidance body for pensions, money and debt matters, which will replace The Pensions Advisory Service (TPAS), including Pension Wise, and the Money Advice Service (MAS), it has said.

Ministers said they wanted to make it "as easy as possible" for consumers to access financial guidance, in a statement on 9 October. The Treasury had been consulting on how to best shape any fut...

To continue reading this article...

Join Professional Adviser

 

  • 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 Regulation

Kwasi Kwarteng. Image: Andrew Parsons/Number 10

Mini Budget 22: Government to 'scrap' Solvency II to boost investment

Chancellor says replacing EU law with rules ‘tailor made for the UK’ will free up billions

Jonathan Stapleton
clock 23 September 2022 • 1 min read
FOS complaints figures near 73,000 in first half of 2022

FOS complaints figures near 73,000 in first half of 2022

Half-year complaints data showed uphold rate of 37% in consumers’ favour

Jenna Brown
clock 22 September 2022 • 1 min read
Why the Consumer Duty points to the emotional value of financial advice

Why Consumer Duty points to the emotional value of advice

'The emotional value of advice may be imperative and transformational'

Louis Williams
clock 21 September 2022 • 5 min read