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Financial Services: Advisory Services

Volume 506: debated on Wednesday 3 March 2010

To ask the Chancellor of the Exchequer what steps his Department is taking to provide financial advisory services through the Post Office network. (319422)

The Government currently have no plans to provide financial advisory services specifically through the Post Office network.

The Government however are committed to ensuring that people can access helpful, impartial information and guidance on money. This will help them make better-informed financial decisions, manage their money well and avoid getting into financial difficulty. As part of this, the Government will shortly launch the roll-out of a national Money Guidance service.

The Government have also indicated that they want Post Office to play a bigger role in banking services. A public consultation on Post Office banking recently closed on 24 February and the Government are now considering the comments they received and will publish their response in due course.