The Money Advice Service (MAS) has confirmed in a press release that its proposed financial adviser directory is set to go ahead with the aim for it to be launched by April 2015 to coincide with the new Retirement Guidance Service. MAS is now establishing an independent panel which will set out the criteria for inclusion in the directory. The panel will decide matters such as, whether the directory will contain only retirement specialists or will also be open to advisers covering all areas of regulated financial advice and how fees and charges can be included.
This is likely to be of interest to trustees and companies, who may receive queries from scheme members as to where they can find an independent financial adviser, particularly in light of the pensions changes which are to be introduced in April 2015. The press release can be viewed by clicking here