MAS

Will regulated advice suffer a blow?

The Money Advice Service (MAS) has issued an apology to members of the Personal Finance Society (PFS) after seemingly questioning adviser ethics in a speech earlier this month.

Money Advice Service (MAS) chief executive Caroline Rookes did "not intend" to put the ethics of financial advisers in question, the service said following a raft of criticism from the industry.

All regulated financial advisers could be included on a new directory being set up by the Money Advice Service (MAS) after the industry and consumers gave the green light to the project.

Millions of pension savers will be prevented from taking cash freely from their retirement funds next April unless they pay hefty penalties that could slash their pots by more than 20%, according to reports.

The guidance guarantee, if delivered as planned, will do little more than deter people from "doing stupid things" with their pension pots - it will not help them plan for their retirement, according to LEBC.

In this week's quick fire poll we ask whether you agree with the suggestion that a pensions passport is a "win-win."

The Pensions Advisory Service (TPAS) and Money Advice Service (MAS) have hit back at critics of their involvement in delivering the government's pensions 'guidance guarantee', saying they are confident they can scale up to meet demand.

Advisers have expressed their relief that the government's promised free at-retirement guidance will not be delivered by providers, but reservations remain over the likely involvement of the Money Advice Service (MAS).

The proposed role of the Money Advice Service (MAS) in delivering financial guidance to thousands of retirees is "concerning", according to Treasury Select Committee (TSC) chairman Andrew Tyrie.