TISA comments on Harriet Baldwin MP’s amendment to the Financial Services and Markets Bill enabling personalised financial guidance and support
Commenting on the tabling of Harriet Baldwin MP’s amendment to the Financial Services and Markets Bill, which paves the way for regulated personalised financial guidance and support, Prakash Chandramohan, Strategy Director at TISA, said:
“We are delighted that the Chair of the Treasury Selected Committee has tabled an amendment that would pave the way for regulated personalised financial guidance, providing better mass market support for consumers with their decision making. In these difficult economic times, it is crucial that consumers have access to targeted and effective support to manage their finances.
“Since the original Financial Advice Market Review 2015, little has been achieved for people who cannot afford financial advice. Now more than ever, it is important that we build the necessary foundations for people to be supported to make good financial decisions. At TISA, we are ready and look forward to working with MPs, the Government, regulators and all stakeholders to make this possible while safeguarding consumers.”