New guidance body must have a statutory objective for improving 'financial resilience'

Prominent among these statutory objectives should be the objective of "maximizing the resilience of households to the financial effects of accident, sickness, disability and other income shocks". The response was issued to the Public financial guidance review: consultation on a single body, by SAMI Consulting's Richard Walsh and Alan Woods, under the auspices of the Income Protection Task Force.  The government has been consulting on introducing a public Single Financial Guidance Advice body for consumers, replacing Money Advice Service (MAS), the Pensions Advisory Service (TPAS) and ...