Advisers asked for input on guidance body strategy

Advisers asked for input on guidance body strategy

Financial advisers will be able to have a say in the future strategy of the government's new guidance body, the Money and Pensions Service.

The body, which was made up of the merger of Pension Wise, the Money Advice Service and The Pension Advisory Service, will be launching a programme of events in April, which will allow advisers to feed into the organisation's 20-year national strategy alongside its three-year corporate plan.

The guidance body stated the only way it can change the many complex financial wellbeing challenges people face was through collective impact. 

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It added: "It is our goal to ensure that anyone who has a stake in improving people’s ability to manage their money – from pocket money to pensions – has a voice on what is needed."

The organisation will hold 10 sessions, free to attend and spread across the country, with the first one in Bristol on April 25, and the last one in Dartford on June 21.

Created at the start of this year under the leadership of chief executive John Govett the body was recently branded as the Money and Pensions Service.

Several industry experts applauded the new name, as the government swerved its repeated past mistake of labelling a guidance service as 'advice' - as it did with The Pension Advisory Service and the Money Advice Service.