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.