What is the single financial guidance body?

Table of contents

• Original news
• What is the background to the government’s plans in introducing a single financial guidance body?
• What aspects of the proposals does the government intend to implement? Are there any changes from what was originally proposed?
• How will the single financial guidance body work? How will it be governed and funded?
• Does its creation go far enough to assist pension scheme members in preparing for retirement? Are there any lingering concerns over its effectiveness?
• What are the legislative changes required to implement the single financial guidance body? What is the timetable for implementation of the changes?

Article summary

Financial Services analysis: What is the single guidance financial body and how will it be implemented? William Sutton, Partner at Reed Smith, explores these questions, the logistics of such an introduction and the possible effects on pension scheme members.