Single Financial Guidance Body officially launches

The Single Financial Guidance Body (SFGB), an organisation made up of The Money Advice Service, The Pensions Advisory Service and Pension Wise, has launched with five core functions. Offering advice around debt, money guidance and pensions, the SFGB is funded by levies on both the financial services industry and pension schemes. Sponsored by the Department for Work and Pensions (DWP), it will also engage with HM Treasury, which is responsible for policy on financial capability and debt advice. "The new organisation has a clear mission to help everyone manage their personal finances as...