The Single Financial Guidance Body (SFGB) was created to take over the obligations previously provided by three organisations, namely …
- The Money Advice Service
- The Pensions Advisory Service
- Pension Wise
… bringing together for the first time the provision of debt advice, money guidance and pensions guidance.
Initially launched on 1 January 2019, the body will formally commence under its new name of the Money and Pensions Service (probably to be referred to as MAPS) from 6 April 2019.
Further information can be found on the (SFGB) website.
The MAPS website will be here and is due for launch by 6 April.
Consumer Credit – When to Apply for Full Authorisation
Steve Bailey Compliance 2014, 2016, FCA
The FCA has issued guidelines to firms about when and how they should apply for full consumer credit authorisation. All firms who hold interim permissions or are new to consumer credit should read on.