IFA Centre and AIFA slam Money Advice Service

AIFA has raised concerns over the MAS funding model and whether the evidence used to demonstrate its effectiveness is appropriate. It also argues that MAS should provide information but not regulated advice. Policy director at AIFA, Chris Hannant, said: "We support the overall objectives of MAS, and acknowledge the value of financial guidance for those seeking basic support. "However, we have yet to see evidence that MAS is meeting its objectives, and we are unconvinced that a predominantly online service will achieve the necessary behavior change in the public's approach to perso...