Menu
The Single Financial Guidance Body

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.

Don’t forget to check Our View about this article and the Actions Required By You

The Single Financial Guidance Body

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

For information.

Action Required By You

For information.

SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

2019/20 Tax Year Changes & April 2019 Update

Dear CEO General Insurance Intermediaries Client Money Arrangements

Compliance , , ,

Following a series of financial resilience surveys and a letter issued in September last year the FCA has issued a Dear CEO letter about adequate client money arrangements, that can be accessed here.   The FCA is keen to ensure client money is adequately protected, that firms follow the CASS 5 rules and review arrangement […]

Read More
https---s3-eu-west-1.amazonaws.com-fta-ez-prod-ez-images-5-2-0-7-1217025-1-eng-GB-FCA2.JPG?v1

Regulation of pre-paid funeral plans

Compliance ,

We have received the following from the FCA:     “The FCA will regulate the sale and administration of pre-paid funeral plans from July 2022. We have today published:   Our Policy Statement which sets out the majority of our final rules. A Consultation Paper which covers proposed rules on resolution and access to the Financial Services Compensation […]

Read More
Pink paper origami

Managing drawdown

Compliance , , , , , , ,

In recent months, firms have been asking us about the process for managing drawdown plans. What do the rules require? Is a suitability letter necessary for every withdrawal? And a few other aspects. We take the opportunity here to share our views around this topic. For the sake of clarity, this is about the rules […]

Read More
Photo of code projected over woman

EU recognises UK data protection laws

Compliance , ,

Following on from a draft decision in February, the European Commission has now granted the UK access to EU data. The commission has formally recognised that UK data protection rules are “adequate” and that personal data can therefore flow in both directions between the EU to the UK. This removes one more difficulty for UK […]

Read More
https---s3-eu-west-1.amazonaws.com-fta-ez-prod-ez-images-5-2-0-7-1217025-1-eng-GB-FCA2.JPG?v1

Credit Broking Survey

Compliance , , , ,

The FCA has announced details of the forthcoming credit broking survey. The text of the announcement is shown below.   “Further to our email in May, we wanted to let you know that our pilot survey for 300 firms finished in June. As planned, the survey will now be sent to all remaining firms that […]

Read More
Load More