A body representing financial advisers has called for Pension Wise, the Money Advice Service and The Pension Advisory Service to be merged into one body.

Consumers using the Pension Wise service will be given more than one appointment in future, the Government said this morning.

MPs have called for the Government to act rapidly to avoid “the next major pensions mis-selling scandal” as they criticised the failure to get the pension freedoms working sufficiently and a lack of information about Pension Wise.

Pension Wise guidance counsellors should be as qualified and experienced as regulated financial advisers, a consumer watchdog says, as it branded the current service inadequate. Read more...