Chapter 7.pdf - Chapter 7 Regulatory Advice Framework...

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Chapter 7 - Regulatory Advice Framework Purpose of advice - ‘Purpose of advice’ is a range of broader initiatives to look at whole area of financial advice Generic Financial Advice - Government believes there is a gap in the market for affordable generic financial advice which is personalised but unregulated (aimed at those on low/middle incomes relying on benefits) - Range of initiatives to look at financial advice and distribution of products and services - Deliver solutions to increase consumer access to products - Identify key barriers - Identify market/regulatory solutions to improve consumer access - Key themes: - Improve consumer education - Create delivery systems for generic advice - Money guidance - provide information via the Money Advice Service website - Pension Wise - free, impartial guidance service set up by government to understand pension choices at 55 - website/over phone/face to face - Guidance on what to do with pension fund, different types of pension and how
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  • Winter '12
  • ACCOUNTING
  • Marketing, Regulatory Advice Framework, consumer access

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