This review from the FCA and HM Treasury recognises the need for individuals to have wider and more affordable access to financial guidance and advice. This is in response to the growing need for individuals to take more responsibility to provide for their own financial security and the complex choices now facing individuals around pensions, wider employment benefits, tax and the need to plan over much longer time periods in retirement.

The workplace is a trusted and proven channel to reach a lot of people. And the good news is that, following the pension freedoms and the recognition of the benefits of improved financial wellbeing to the business, more and more employers are now implementing financial education programmes to provide this guidance and access to advice.