Legal News

The Financial Guidance and Claims Act 2018—the pensions provisions

Published on: 11 May 2018
Published by: LexisPSL
  • The Financial Guidance and Claims Act 2018—the pensions provisions
  • Original news
  • What is the main purpose of this Act?
  • When will the single financial guidance body be launched?
  • What other pensions provisions are included in the Act?
  • Pensions cold call ban
  • Pensions guidance
  • No provision for mid-life reviews
  • What are the practical implications?

Article summary

Pensions analysis: The Financial Guidance and Claims Bill received Royal Assent on 10 May 2018, thereby becoming the Financial Guidance and Claims Act 2018. Besides legislating for the creation of a single financial guidance body to replace Pension Wise, the Pensions Advisory Service and the Money Advice Service, it includes provisions for the introduction of a ban on pensions cold-calling and provisions designed to increase the take up of pensions guidance. However, the amendment designed to provide mid-life reviews was quietly dropped shortly before Royal Assent. or take a trial to read the full analysis.

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