Blunkett: Money Guidance must hit the lower paid

Several details on the government's Money Guidance scheme must be clarified to prevent it from falling flat, according to key industry figures

The government's Money Guidance scheme will roll out over the next three years but several details need clarification to prevent it from falling flat, according to industry figures. Addressing advisers at an International Investment forum last week, former secretary of state for work and pensions David Blunkett said it is crucial the scheme targets those at the lower end of the wealth spectrum. Money Guidance was originally proposed by the Thoresen Review of how to get financial advice to lower earners. "If the Money Guidance service does not dramatically touch a large part of the pop...