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...
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