Generic advice pilot launched in North West

clock

The first Generic Financial Advice pilot, part of the Thoresen Review, has begun in the North West of England.

The three-month trial will allow consumers to receive free impartial advice on financial services, either online, face-to-face or by telephone. The service, delivered by Consumer Direct in partnership with Cumbria County Council, Citizens’ Advice and Agilysis, will aim to help consumers to budget and plan their finances, deal with financial service providers on an equal footing, and suggest avenues for customers to make more informed financial decisions. Consumer Direct says the service will not aim to sell customers a product or service, nor will it pass customer details on to any financ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA: Most firms unable to meet bereavement claims performance levels

FCA: Most firms unable to meet bereavement claims performance levels

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read
ETF providers launch unlisted share classes to tackle slow MPS adoption

ETF providers launch unlisted share classes to tackle slow MPS adoption

Technological and cost barriers

Valeria Martinez
clock 22 November 2024 • 5 min read
Advisers expect regulation to limit time taken on giving advice

Advisers expect regulation to limit time taken on giving advice

Industry expects it will constrain their ability to meet demand

Isabel Baxter
clock 22 November 2024 • 2 min read