The Money Panel – Guidance Versus Advice
The Financial Advice Working Group (FAWG) published a comparison of financial guidance versus advice in their March 2017 report:
The Money Panel is not regulated or authorised under the Financial Conduct Authority (FCA). We do we hold a licence under the Consumer Credit Act to give debt advice. This means that we will provide you with ‘guidance’ and not advice. We have captured the FCA’s recent comparison of this for you in the table above.
Although I am a qualified financial adviser, the services under The Money Panel are for money guidance only. Should you require any financial advice, you can contact me at Essendon Financial Planning where I am able to provide you with financial advice.
I recommend that in the event of debt management, you refer to a regulated debt counsellor.