Single financial guidance body and cold-call ban provisions become law

In June last year, the government outlined a commitment to make financial guidance accessible to all, especially given the millions of new savers through automatic enrolment (AE), and announced its intention to table a Financial Guidance and Claims Bill. The bill allows for the merger of the existing services provided by Pension Wise, The Pensions Advisory Service and Money Advice Service to create a clear, single financial guidance body, expected to be launched later this year. The body's aim is to ensure savers are able to access free and impartial pensions and money guidance, as we...