Unum welcomes House of Lord's call for more financial capability training at work

clock • 2 min read

Unum has backed a report from the House of Lords Select Committee on Financial Exclusion.

  It comes as the government is preparing to overhaul the public bodies that advise people on how to manage their money.  The government is expected to announce plans shortly to replace the taxpayer funded Money Advice Service, Pensions Advisory Service and Pension Wise with a single body.  A consultation on the plans closed in December last year. Quoting evidence from Unum, the Lords report expressed concerns that the "slimmed down nature of a new body might lead to a focus on resolving debt issues rather than preventing them through improvements in financial capability".   The...

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