The controversial Money Advice Service (MAS) will likely be shut down when it next comes up for review in 2015, according to Association of Mortgage Intermediaries (AMI) chief executive Robert Sinclair.
"The MAS is here for at least another two years," he said. "[But] I think, at the end of that point, it will be reviewed and probably shut down, unless the new management team gets to grips with it in a different way." Sinclair, speaking at a conference hosted by conveyancing services provider Myhomemove, said a government decision to introduce financial education in schools would remove part of the MAS' purpose. "I sit on [the MAS's] industry consultation body, and it struggles to get a grip on what it really wants to deliver. "The biggest single thing that is going to shift finan...
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