An MP has branded the Money Advice Service (MAS) as a 'playground bully' for its disruptive influence on the industry and the delivery of debt advice.
The service came under scrutiny from a Treasury Select Committee sub-committee yesterday, and Labour MP George Mudie summed up how he perceived its attitude since taking over from the Consumer Financial Education Body and other predecessor bodies. "I picture you like the playground bully who has come in with all these powers and all this money, you make sure you are okay and then you start causing havoc out there in the market. Nobody knows what on earth you are doing," he said. "We had a perfectly good - in fact the National Audit Office said it was world-leading - organisation that ...
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