Review of the Money Advice Service
The Treasury has now published the final report and recommendations of the Independent Review of the Money Advice Service.
Documents
Details
The report recommends:
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measures to improve the effectiveness and reach of debt advice, overseen by a Debt Advice Steering Group of funders and debt advice charities, chaired by MAS
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MAS should work on behalf of consumers to strengthen the supply of good, accessible consumer financial information and guidance, and should not seek to compete as a public service provider in an already crowded market
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how these consumer benefits could be achieved at lower cost and with greater accountability
Read the government’s response to the report