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Have your say on the Money Advice Service

Nia Williams

July 4, 2014

MAS was set up by government to provide consumers with financial education and advice.

The government committed to review MAS before the end of this Parliament and asked Christine Farnish to lead the review which was launched on 30 May.

One element she wants to know about is how well MAS works with bodies across the financial education and debt advice landscape to ensure consumers’ needs are best met.

Commenting, Farnish said: “There remains a clear need to improve consumer awareness and understanding of financial matters.

“There are important questions to consider about how MAS best works with others to meet changing consumer needs for information, education and advice on financial matters.

“I look forward to exploring these questions in greater depth – and am keen to hear from a wide range of stakeholders with an interest in helping ensure consumers are more savvy about managing their money and getting a better deal from financial services markets.

“I am particularly interested in hearing from other organisations active in the wider financial guidance, advice and education market and from the financial services industry.”

The call for evidence closes on 2 September 2014 and the review will report to the government by the end of the year.


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