Money guidance must not become political football
March 14, 2010
Welcoming the launch of a nationwide service for money guidance developed by the FSA, the Consumer Panel today urged all political parties to ensure the Bill to establish the new Consumer Financial Education Body (CFEB) gets through in this Parliament. Adam Phillips, Chairman of the Financial Services Consumer Panel said: "The new Moneymadeclear guidance service is a vital new support system for people who need help and guidance in managing their money. It is too important a service to be lost in pre-election fever at the end of this Parliament. The section of the current Financial Services Bill to allow the Consumer Financial Education Body to be set up as a separate organisation to the FSA must be allowed to go through. "The Consumer Panel has lobbied since its inception in 1998 for people to be able to obtain unbiased financial guidance which is not linked to selling a particular product or service. Now, more than ever, people need access to good, unbiased money guidance,...
