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The People’s Pension has responded to HM Treasury’s recent public financial guidance review: consultation on a single body.
The consultation is seeking views on creating a single financial guidance body to replace the Money Advice Service, The Pensions Advisory Service and Pension Wise.
Darren Philp, Director of Policy and Market Engagement at The People’s Pension has said:
“We think that, in order for it to be trusted by consumers, the new single financial guidance body should be the ideal home for a universally accessible to all pension dashboard.
“The dashboard needs to be governed by a not-for-profit organisation, free from commercial concerns, which can put the needs of savers first. It makes sense too because the dashboard will help make guidance and advice more accessible. The starting point for that must be for people to be able to see all their pensions in one place.”
You can read our complete consultation response here:
The People’s Pension responds to the HM Treasury Consultation on the single financial guidance body
For further information on this response, or the work of B&CE and The People’s Pension, please contact:
Andy Tarrant, Head of Policy & Government Relations at
firstname.lastname@example.org or 07515 121204.
About The People’s Pension
The People’s Pension is the largest private sector master trust (multi-employer pension scheme) in the UK, with 2.4 million members and over 49,000 employer accounts.
Run by B&CE, a not for profit company, it offers a simple and low cost automatic enrolment workplace pension solution for employers of any size from any sector.
We tweet as @peoplespension.