A Treasury sub-committee, led by Labour MP George Mudie, has today called for an urgent independent review into the Money Advice Service (MAS), after it found "serious problems" in how the body operated.
The committee today issued its findings after a year-long inquiry into whether the MAS delivered on its objectives of: enhancing people's understanding of financial matters and their ability to manage their financial affairs, and coordinating and providing debt advice. Here is a round-up of where MPs think the MAS went wrong: 1) Spending too much money on marketing and following a "misguided" approach MPs alleged that the MAS has spent too much money on marketing as opposed to service delivery, particularly in its early years. The Treasury sub-committee said the MAS had planned ...
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