Plans for a new national money guidance service
We’re delighted that plans for a free national money guidance service were recently published.
Otto Thoresen, the head of financial services at Aegon, published his final report yesterday setting out the blueprint for a service to help consumers develop the knowledge and confidence to make better decisions about money issues.
His view is that good money sense needs to be as much part of people's lives in the twenty-first century as healthy eating and keeping fit. He said a free, national service would help people to budget, save and borrow, plan for retirement and understand the technical jargon used by the financial services industry.
It’s great that finally consumers will have professional impartial support through the financial maze without the fear of being sold a product, and it won’t just be available to those who can afford to pay for it.