The newly launched Money and Pensions Service has called on organisations throughout the UK to get involved in the development of the organisation’s strategy to improve the nation’s financial wellbeing.

The lessons from the British Steel Pension Scheme debacle will reverberate for a long time but I wonder if the recent criticism of the regulators is just another knee-jerk response to a financial mess which could well be repeated.

A new report into the BSPS debacle has heavily criticised regulators including the FCA and TPR.

The Single Financial Guidance Body (SFGB) began its work this week as it starts to take over from previous bodies.