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PFS to expand pro-bono service to Scotland and Northern Ireland

Job-Interview-Business-Finance-Meeting-700.jpgThe Personal Finance Society is considering expanding its free advice service, run in partnership with Citizens Advice, into Scotland and Northern Ireland.

Money Marketing revealed in May that the PFS and Citizens Advice were planning to growing the programme.

Currently 179 PFS members are volunteering across 98 Citizens Advice centres as part of the MoneyPlan initiative.

Now, the PFS says the service is offered in more than 100 centres across England and Wales.

PFS chief executive Keith Richards says: “The Government and regulator, through the Financial Advice Market Review, are currently considering ways to increase access to financial advice in recognition that people need guidance more than ever before.

“Our members have shown they are keen to give something back to the community, and a growing number of volunteers are improving access for consumers across the country.”

Money Marketing has previously reported concerns that consumers using MoneyPlan, which does not offer full regulated advice, might miss out on expert advice if they have a defined contribution pension.

A note sent to MoneyPlan advisers said clients with DC pensions must do “an onward referral” to Pension Wise.



Concerns raised over Citizens Advice/PFS pro-bono tie-up

Concerns have been raised that people using Citizens Advice and the Personal Finance Society’s pro-bono initiative could be missing out on expert advice if they have a defined contribution pension. MoneyPlan is a holistic financial planning service delivered by PFS members that falls short of full regulated advice. A note sent to MoneyPlan advisers, seen […]

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