Powers combine to help those with fiscal concerns

clock

The Chief Secretary to the Treasury, Yvette Cooper MP, and the CEO of the FSA, Hector Sants, have unveiled plans to offer additional support to those with fiscal concerns.

The Financial Capability Action Plan aims to provide people with free advice and assistance to help them to better manage their finances. The key initiatives outlined in the plan are threefold. The first is the development of an expanded one-stop-shop for information and support based around the FSA's Moneymadeclear website and consumer helpline. This will direct people to specialist advice on issues such as problems with debt, mortgages or utility bills, whilst providing information for first time buyers or other people looking for financial help. The second measure is a new £12m p...

To continue reading this article...

Join Professional Adviser for free

  • 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

SDR extension plans will ensure 'uniform standard' for portfolios

SDR extension plans will ensure 'uniform standard' for portfolios

'Retail-focused firms are also facing a short timeline to prepare'

Cristian Angeloni
clock 24 April 2024 • 4 min read
Scenario modelling: Meeting the FCA's retirement expectations

Scenario modelling: Meeting the FCA's retirement expectations

Meeting regulatory standards and maximising good client outcomes

Stephen Ford
clock 22 April 2024 • 5 min read
FSCS declares Glasgow firm Atlantic Investors (Scotland) failed

FSCS declares Glasgow firm Atlantic Investors (Scotland) failed

The firm was voluntarily wound up by its director at the end of 2020

Hope Coumbe
clock 22 April 2024 • 1 min read