Consultation outcome

Public financial guidance review: consultation on a single body

This consultation has concluded

Download the full outcome

Detail of outcome

This document sets out the government’s response to the consultation, and outlines further detail on the plan to create a new single financial guidance body to replace the Money Advice Service, The Pensions Advisory Service and the Department for Work and Pensions’ ‘Pension Wise’ guidance. The new body, which the Financial Guidance and Claims Bill will legislate for, will provide and commission pensions guidance, money guidance and debt advice and will complement financial guidance provided by the third sector and industry.

Original consultation

Summary

Seeking views on creating a single financial guidance body to replace the Money Advice Service, The Pensions Advisory Service and Pension Wise.

This consultation ran from
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Consultation description

This document sets out a plan to create a single body providing debt advice, money guidance and pensions information and guidance. The body would complement financial guidance provided by the third sector and industry, provide more targeted support for consumers and generate efficiencies.

The government is seeking views on the proposals. The document also sets out the government’s response to a previous consultation – the ‘Public financial guidance review: proposal for consultation’.

Documents

Published 19 December 2016
Last updated 4 July 2017 + show all updates
  1. Updated with the response to the consultation
  2. New document uploaded so that questions 3 and 4 on page 23 appear as they first appear on page 11.
  3. First published.