This document set out the government’s plans to replace the Money Advice Service (MAS) with a new money guidance body and to bring together the Pensions Advisory Service (TPAS) and DWP’s “Pension Wise” guidance into a new pensions guidance body. These plans are designed to reduce duplication in the provision of public financial guidance and to help consumers find the information they need. The government has decided that a single body will bring together pensions guidance, money guidance and debt advice in one place, delivering and commissioning specific services to ensure that as many consumers as possible receive high-quality, impartial financial guidance. The body will have a strategic function, focusing on ensuring that the market understands and meets consumer demand, delivers value for money, and scales up financial capability projects that have been proven to work. With the exception of debt advice, the new body will not fund regulated financial advice, but will signpost consumers to other providers to ensure that consumers’ guidance and advice needs are met.