From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to for wider content and updates from UK Finance.

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HM Treasury Public financial guidance review: proposal for consultation

Last updated: 8 Jun 2016

Consulting body:
HM Treasury
Period of consultation:
Runs from 16 March 2016 to 8 June 2016
CML action:
Response submitted

As noted in the Budget, HM Treasury published a paper which sets out a new delivery model for public financial guidance on 16 March 2016.

The new delivery model will replace MAS, and merge the functions of TPAS and Pension Wise.
It will include:

  • a new pensions guidance body to ensure that consumers can get all their pensions questions answered in one place
  • a new, slimmed down, money guidance body charged with identifying gaps in the financial guidance market and commissioning providers to fill these gaps to ensure that consumers can access the debt advice and money guidance they need.

HM Treasury consulted on how, within this model, the proposed guidance services could best be offered. Consultation questions are set out in Chapter 2 of the paper and summarised at Annex A.

The CML has responded to the consultation and the full response can be downloaded below.