The Government has announced that they will be creating a new single public body responsible for delivering advice to consumers on money, debt and pensions.
In response to the announcement, Gillian Guy, Chief Executive of Citizens Advice, said:
“The right guidance can be an essential part of a secure financial future.
“We help with 1.8 million financial issues a year and know that people's problems and questions often cut across the different areas of their finances.
“What's best for consumers needs to be at the centre of the changes to public financial guidance. It is important that there is a holistic approach to guidance and debt advice offering the opportunity for money, debt and pensions services to be interlinked so as to address people's financial queries as a whole.
“Government could also consider how guidance could be offered at key stages of people's lives - like starting a new job or having a baby - so people get their questions answered when their finances change.
“We'll continue to work closely with government as these plans are developed.”
New public body offering debt advice, money and pensions guidance to be set up