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.



Abridged advice – how is it going so far?
Alistair MacDougall Compliance 2015, 2018, 2020, 2021, abridged, Drawdown, FCA, Pension, Pension Transfer, PI, transfer
Based on data and live visits to firms during the period from April 2015 to rule changes in 2018 and 2020, the FCA believed that far too high a proportion of clients were being recommended to transfer safeguarded benefits. This was predicated on the longstanding rule which stated: “… a firm should start by assuming […]