Debt and Pensions Advice

Part of the debate – in the House of Lords at 3:04 pm on 15 October 2007.

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Photo of Lord McKenzie of Luton Lord McKenzie of Luton Parliamentary Under-Secretary, Department for Work and Pensions, Parliamentary Under-Secretary (Department for Work and Pensions) (also in the Department for Communities and Local Government) 3:04, 15 October 2007

My Lords, I agree with what my noble friend says. It underlines the importance of the need for generic financial advice, which of course is unregulated advice, which takes account of the specific financial circumstances of the individual but which does not result in any particular product recommendation.