Welcoming the Government’s announcement of a review of the Financial Advice Markets, Citizens Advice has highlighted the importance of ensuring people can access free and independent frontline money and debt advice services.
In the last year local Citizens Advice helped people with over 1.7 million debt and financial issues, ranging from credit card debt and mortgages to personal pensions and financial capability skills.
Gillian Guy, Chief Executive of Citizens Advice, said:
"Getting the right money advice, guidance or support can be key to a secure financial future.
“At every stage of life it is vital that people have access to the right advice and guidance for their financial circumstances, whether that's help managing their money, dealing with debt issues or getting guidance on key decisions around pensions choices or investment.
“This review is a welcome step and we look forward to working with the Government to ensure the market works for all consumers, and that there is a strong offer of free, independent money and debt advice services to help people get to grips with their finances and empower them to make the right decisions for them.”
Notes to editors