Jump to content


Single body to advise public on pensions and debt


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 2712 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

A new financial guidance service to provide advice on pensions, managing debts and other money issues is to be created by the government.

 

It will replace the heavily criticised Money Advice Service (MAS) as well as two pension advice services.

 

The government thinks a single advisory body will be more efficient but has yet to decide how the new service will actually work.

 

The abolition of the MAS was announced in the Budget in March.

 

It was criticised for failing to help those who needed it most and paying its staff too much.

No timetable

 

Like the MAS, the new organisation will be paid for by a levy on financial services companies.

 

The new body will also take on the roles of the Pensions Advisory Service, and Pension Wise - an organisation set up in response to pension reforms introduced in 2015.

 

The government looked at setting up two bodies to replace the MAS and pensions services. But industry and consumer finance groups raised concerns over how they would work together effectively.

 

The new body as yet has no name and there is no timetable for its creation.

 

 

 

http://www.bbc.co.uk/news/business-37597567

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...