Financial guidance bodies merge under temporary SFGB name

Responsible for first pensions dashboard

James Phillips
clock • 2 min read

The Pensions Advisory Service, Pension Wise and the Money Advice Service have now been merged to form the Single Financial Guidance Body (SFBG) after months of preparation.

While the organisation brings the three services under one umbrella, they each continue to exist under their existing identities - and the SFGB will be renamed over the course of this year. All staff from the three organisations have now been transferred to the SFGB in a bid to ensure "business as usual" for customers. The SFGB will now focus on pensions and money guidance, debt advice, consumer protection, and wider stakeholder strategy to improve financial wellbeing across the UK. It will also be responsible for providing the first pensions dashboard, which will be run on a non-c...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Retirement

Partner Insight: Embracing the future of retirement planning

Partner Insight: Embracing the future of retirement planning

Brooks Macdonald
clock 31 October 2024 • 2 min read
Pension tax rules uncertainty shows 'need to shift retirement planning'

Pension tax rules uncertainty shows 'need to shift retirement planning'

Needs to include wider considerations of capital drawdown beyond pensions

Isabel Baxter
clock 24 October 2024 • 2 min read
Understanding investors' financial literacy versus retirement literacy

Understanding investors' financial literacy versus retirement literacy

'Technology can play a pivotal role in fostering retirement literacy'

Robert DeDominicis
clock 09 October 2024 • 3 min read