Under the Financial Guidance and Claims Act 2018, the Money and Pensions Service (MaPS) was established as a corporate body with functions relating to financial guidance. The legislation clearly sets out the separate functions of the Service. It is not within its remit to deliver regulated financial advice and for the Service to do so would require a significant change in scope as well as a change to primary legislation. The Government’s key priorities remain to enable a financial advice market that works well for firms and consumers, as well as make free-to-access financial guidance available to everyone who needs it. We are keen to explore how MaPS can work together with the regulators, Government and industry to ensure there are no gaps in consumers’ understanding of financial matters and that they can access the right support and guidance at the right life stages. The Financial Conduct Authority’s perimeter guidance sets out detailed examples to give firms clarity about the financial advice and guidance boundary.