Personal Finances
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26th May 2004

PENSIONS MADE EASY FOR LOCAL ADVICE ORGANISATIONS

<p>The General Consumer Council played host to HM Treasury recently when it held a seminar on the rules on workplace pensions advice and financial advice from voluntary organisations.</p>

The Government wants to improve access to help and advice for people trying to understand their personal finances. Many forms of help are already available but there is a process underway to review the regulation of financial advice to see if more can be done.

The review applies to advice organisations and employers who are worried that regulating financial advice prevents them from giving frank and confidential advice to their clients and employees.

Carol Edwards, Head of Consumer Education at the Council said: “People rely on their local community and advice centres to give them up to date and reliable information. This review will help to ensure that the advice sector and employers are giving high-quality advice that is up to date with developments and legislation.”

Speaking at the seminar, Keith Davis from HM Treasury said: “I am pleased to have been in Belfast to talk about this important issue. We want the voluntary sector and employers to be able to offer useful and helpful advice. We believe that this review will make a big contribution to helping that happen”.

The seminar took place at the General Consumer Council on Friday 14 May 2004. Omagh Independent Advice Services, Adviceni, Age Concern Northern Ireland, EPIC Advice Centre, Falls Road, Bangor, Down District, Dungannon & District CABx, Consumer Advice Centre, Civil Service Benevolent Fund, Falls Community Council, East Belfast Advice Centre, Ledcom, The Retail Motor Industry Federation and the Department of Enterprise, Trade and Investment attended the event.