✓ Passed into LawLords
UK Parliament · Bill
Financial Guidance and Claims Act 2018
Summary
This Act created new ways to help UK citizens with their money and pensions. It established free financial guidance services (especially about pensions) and improved the system for making complaints and getting compensation if financial companies treat you badly or give poor advice.
A vote to support means
- —Supporting this Act means backing better financial help for people. It created the 'Pension Wise' service to give free advice about pensions, and set up a new body to handle complaints about financial services, making it easier for ordinary people to get guidance and claim compensation if they've been treated unfairly.
A vote to oppose means
- —Critics might worry about the cost of setting up these new services and worry they won't actually help people who most need financial advice. Some could be concerned that complaints procedures might be slow or that the advice given isn't always practical for different people's situations.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Parliament's Vote548 MPs
47% Ayes · 25553% Noes · 293
Bill Passage
Commons
- 1st reading22 Nov 2017
- 2nd reading22 Jan 2018
- Committee stage1 Feb 2018
- Report stage12 Mar 2018
- 3rd reading12 Mar 2018
Lords
- 1st reading22 Jun 2017
- 2nd reading5 Jul 2017
- Committee stage19 Jul 2017
- Report stage24 Oct 2017
- 3rd reading21 Nov 2017
Royal Assent10 May 2018
Full Bill Description(click to expand)
No description available