Moved by
Baroness Drake
63: After Clause 7, insert the following new Clause—
“FCA: requirement to signpost to the single financial guidance body for pension guidance, money guidance and debt advice
(1) The Financial Services and Markets Act 2000 is amended as follows.
(2) After section 137FBB insert—
“137FD FCA general rules: requirement to signpost to the single financial guidance body for pension guidance, money guidance and debt advice
(1) The FCA must make general rules requiring information about the availability of pensions guidance, money guidance and debt advice from the single financial guidance body to be given by relevant organisations to any category of individuals who may benefit.
(2) Before the FCA publishes a draft of any rules to be made by virtue of this section, it must consult—
(a) the Secretary of State;
(b) the Treasury; and
(c) the single financial guidance body.””