MAS

The Money Advice Service (MAS) was forced to remove several links from its website after a backlash from angry brokers over web links directing consumers to three advice firms.

The Financial Services Authority (FSA) is to commission an independent review of the Money Advice Service's (MAS) use of its resources next year, it has been revealed.

CONDENSED

MONEY ADVICE

Adviser trade bodies AIFA and the IFA Centre have both criticised the Money Advice Service in a submission to the Treasury Select Committee.

An "explosion" in regulatory costs is becoming a "huge problem" for networks and national advisory businesses, according to a director at Lighthouse Group.

CRITICS

The Treasury Select Committee (TSC) is calling for submissions on the future of the Money Advice Service (MAS) - the national free consumer advice scheme funded, in part, by the financial services industry.

The Association of Independent Financial Advisers (AIFA) has hit out at "spiralling" fee rises from the Financial Services Authority (FSA), Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS).

That's three occasions now when the Department for Work and Pensions (DWP) has played down the need for advice. What is going on?