The Money and Pensions Service's (MaPS) newly-launched consumer brand MoneyHelper shares a similar name to a company the Financial Conduct Authority warned consumers about in 2012.
Last week (18 March), MaPS launched its new brand MoneyHelper in a bid to focus on and improve consumer financial wellbeing. The new consumer brand will replace MaPs' three legacy services: the Money Advice Service, The Pensions Advisory Service and Pension Wise, which were unified and brought together under a single structure in 2019. Unfortunately, a firm that was deemed to be providing services without the FCA's permission more than five years ago shares a similar name with the news MaPS brand: Money Helpers. In 2012, the financial watchdog posted a warning note on its website...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
