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.
Pension transfer advice – assessing transfer risk
Alistair MacDougall Compliance 2015, 2018, 2019, 2021, DBAAT, Drawdown, FCA, Pension, Pension Transfer, PI, transfer
It has been well publicised that the FCA has aimed increasingly close scrutiny in the direction of firms that have been providing advice in relation to defined benefit pension transfers. Apparently caught off guard by the then Chancellor’s introduction in the Pension Schemes Act 2015 of what are generally called ‘pension freedoms’, the regulator has […]