Media comment: Charles Counsell welcomes plans in Queen's speech to create single financial guidance body

Wednesday 21 June 2017

Plans in the Queen’s Speech for a Bill to create a Single Financial Guidance body were today welcomed by Charles Counsell, Chief Executive of the Money Advice Service.

Charles Counsell said today:

“We welcome the Government’s announcement of the creation of the new Single Financial Guidance Body. This will give a more joined up offering to customers across debt advice, pensions advice and broader money guidance.

“We need to make sure people are able to access high quality help with money issues, and help prevent people getting into financial difficulties in the first place.

“Critically, the new body will also carry on the important work underway through the Financial Capability Strategy to improve people’s ability to manage their money effectively.

“At MAS we look forward to working with Government and colleagues at The Pensions Advisory Service and Pension Wise on the formation of the new body.

“This is an exciting day for all those who care passionately that people should be given help to understand and deal with financial issues. Most importantly it is excellent news for the millions who will get real, practical, free and impartial help.”

Ends

Notes to Editors

About the Money Advice Service

The Money Advice Service is an independent organisation. It gives free, unbiased money guidance online at moneyadviceservice.org.uk or via free phone on 0800 138 7777. Debt advice is also provided through a variety of partners across the UK. The Service was set up by Government and is paid for by a statutory levy on the financial services industry, raised through the Financial Conduct Authority. Its statutory objectives are to enhance the understanding and knowledge of members of the public about financial matters (including the UK financial system); and to enhance the ability of members of the public to manage their own financial affairs.