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Financial Advice

Volume 455: debated on Thursday 25 January 2007

12. To ask the Chancellor of the Exchequer if he will make a statement on the planned review of the provision of generic financial advice to the public. (111032)

Our goal is to ensure that all adults can have access to high-quality generic financial advice to help them to engage with their financial affairs. The Government have asked Otto Thoresen, chief executive of AEGON UK to lead a feasibility study to design a national approach to generic financial advice. The study will report to HMT Ministers at the end of this year.