UKSA has a long history of campaigning for adequate financial education.
UKSA's original criticisms of the draft of the education clauses of the Financial Services Bill 2009, here
UKSA's 2010 letter to Mark Hoban MP, here
UKSA's press release on the passing of the Act here
UKSA's 2012 response to consultation on the performance of the Money Advice Service (MAS), here, supported by appendices:
A: Accountability
B: Terms of Reference
C: Structure Critique
D: Content Critique
At March 2016 the government announced the closure of MAS and in October announced a new service without any information as to form or governance. Meanwhile The Pensions Advisory Service and Pension Wise grew alongside MAS. In 2019 a new body, the Money & Pensions Service (MaPS) was formed to oversee the three self-described 'consumer facing brands'. In 2021 these were replaced by the single umbrella 'brand' MoneyHelper, although it seems that Pension Wise will continue.
In 2020 UKSA responded to the FCA's 'Call for Input' on 'The Consumer Investments Market September 2020'. Our response included substantial content on the provision of unbiased advice to consumers.
In 2021 an UKSA director made radical proposals for a new government financial education body in a private response to an FCA consultation on Consumer Duty.
