Money and Pensions Service Listening Document: PLSA response
The Pensions Advisory Service, Money Advice Service and Pension Wise have been merged into one body called the Money and Pensions Service (MAPS). MAPS launched its listening phase in April 2019 with a consultation, and the PLSA has consulted with its membership to write a formal written response.
The key point of the PLSA response are:
- Money and Pension Service (MAPS) has an essential role in providing impartial, non-commercial and holistic pension guidance.
- Increased public engagement can lead to better pension decision-making both when saving into a pension and when drawing it down.
- PLSA believes MAPS should be given scope to provide stronger financial guidance without it being considered personal financial advice.
Please contact Craig Rimmer, Policy Lead (Master Trusts) for any queries relating to this topic [email protected].