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LV= response to government consultation on new public financial guidance body

19 December 2016 | LV= News

Philip Brown, Head of Policy at LV=, said: “It’s vital that people have access to high quality, impartial guidance to help them with important financial decisions and this is a golden opportunity to ensure consumers have this support.

“Following the vast number of pension reforms in recent years, helping people with retirement should be a main focus for the new body and we’re pleased to see it will cover both occupational and personal pensions. We want much better promotion of guidance as the key starting point for people approaching retirement, and the pensions information the new service provides to be accessible to everyone - whether they are about to draw their pension or just starting to save.

“We also believe the new body should include a dispute resolution service – like the one currently offered by The Pensions Advisory Service – as well as retaining the Money Advice Service comparison tables, as this is the only truly impartial comparison service available for consumers.”

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