Pension

Pension

Industry welcomes personalised guidance amendment to bill

The financial services industry has welcomed an amendment to the financial services and markets bill to enable personalised financial guidance.Baldwin highlighted the 92 per cent of the UK population who cannot access financial advice, and called on the government to conduct a personalised guidance review with great urgency. Baldwin noted the support of the opposition, including the Labour chair of the work and pensions select committee, Stephen Timms, as did former shadow chancellor John McDonnell. The tough years ahead cannot be wasted Prakash Chandramohan, TISAChief executive of Hargreaves Lansdown, Chris Hill,...
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