Money Advice Service review

THE TREASURY Select Committee has called on the government to commission an independent review by the end of next year into whether the Money Advice Service (MAS) should exist as a statutory body.

The committee questioned whether the MAS is fit for purpose.

But MAS chief executive Caroline Rookes said: “Over 300,000 people are using the Money Advice Service every week, with three-quarters saying we help them decide on a course of action.”