Budget 2016: Money Advice Service to be scrapped

MAS was heavily criticised by MPs

Carmen Reichman
clock • 2 min read

The Chancellor is to scrap consumer guidance provider the Money Advice Service (MAS) in today's Budget, according to reports.

George Osborne is to announce he will replace the MAS with a much smaller body with a focus on providing 'frontline' services to those in financial difficulty - currently the focus of its debt advi...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Communication

What could effective pensions engagement look like?

What could effective pensions engagement look like?

PPI report says better industry collaboration and default designs could improve engagement

Jasmine Urquhart
clock 15 February 2024 • 6 min read
Maps calls for more pensions beneficiary awareness

Maps calls for more pensions beneficiary awareness

Research finds only half of savers know who their nominated beneficiaries are

Jasmine Urquhart
clock 10 November 2023 • 1 min read
What Gen Z think about long-term saving

What Gen Z think about long-term saving

Quietroom talks to a group of 16-year-olds about money, pensions and communication

Jonathan Stapleton
clock 29 September 2023 • 4 min read
Trustpilot