The Single Financial Guidance Body (SFGB) https://singlefinancialguidancebody.org.uk/ creates one organisation from the three existing providers of government-sponsored financial guidance:
- The Money Advice Service
- The Pensions Advisory Service
- Pension Wise
bringing together for the first time the provision of debt advice, money guidance and pensions guidance.
The SFGB is funded by levies on both the financial services industry and pension schemes. The new body is sponsored by the Department for Work and Pensions, but will also engage with HM Treasury, which is responsible for policy on financial capability and debt advice.
The following is a message from John Govett, (pictured right) Chief Executive of the Single Financial Guidance Body.
I wanted to take this opportunity to introduce myself and the Single Financial Guidance Body (SFGB).
We officially took control of our functions and statutory mandate from the 1st January 2019 – when we were also joined by our colleagues who were transferred to the SFGB – bringing together as one the Government’s money and pensions support services delivered by the Money Advice Service, Pension Wise and The Pensions Advisory Service.
I am delighted to be leading this new organisation. I’m hoping that during 2019 we will simplify our name and make it more relevant to our customers, but for now, at least, we are the SFGB.
We are passionate about offering people easier access to the money and pensions information and guidance they need throughout their lifetimes. In short, we are here to help people make the most of their money and pensions.
That’s why we want to hear from you as we develop a national strategy together. We want to know what your vision is for the sector and for people in the UK and how we can work together to deliver that vision.
By doing this we can engage with key partners – including employers – both inside and outside of the sector to create a new, wider, impact for our joint customers.
We will shortly be launching a series of “listening events”, to be held throughout the UK and hosted either by me or our Chair, Sir Hector Sants. I will send you more information on how you can engage with these, or directly with us, very soon.