Queen's Speech paves way for single financial guidance body

The Financial Guidance and Claims bill will merge The Pensions Advisory Service (TPAS), Pension Wise and the Money Advice Service (MAS) into one guidance body. The note said: "The bill will combine three financial advice bodies into one, ensuring people across the UK are able to seek the help and advice they need to manage their finances. "The bill will: Establish a new statutory body, accountable to parliament, with responsibility for coordinating the provision of debt advice, money guidance, and pension guidance. Transfer the regulation of claims management services to the Fi...