More than 6.3m people contacted the Money Advice Service (MAS) between April and September, suggesting demand among the public for generic financial advice.
The industry-funded MAS is controversial among financial advisers, who argue people should talk to a qualified financial professional if they are looking for money advice. However many of the people MAS is aimed at helping fall below the threshold of most adviser's services. Research published by the service in August suggested half of UK adults struggle to keep up with their bills and credit commitments, up from one in three in 2006. Some 52% of the 5,000 people surveyed said they were struggling compared to 35% seven years ago. It is these people MAS is trying to target with i...
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