We telephone the FSA's Money Advice Service

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The launch this week of the FSA's Money Advice Service was met with a healthy dose of cynicism, with some even seeing it as a potential threat to IFAs. Rahul Odedra put in a call to find out...

I initially thought I'd come up with some 'plausible' financial scenario but, after a quick look at my bank account, I fast realised I really did need some guidance. I am also about to sign up to a company pension scheme, so I thought I'd ask whether it was wiser to put a greater chunk of my income into the scheme, or into an ISA. I am quite young, after all. I dial the number... I'm put on hold (for two minutes)...

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