Independent report

Review of the Money Advice Service

The Treasury has now published the final report and recommendations of the Independent Review of the Money Advice Service.



The report recommends:

  • measures to improve the effectiveness and reach of debt advice, overseen by a Debt Advice Steering Group of funders and debt advice charities, chaired by MAS

  • MAS should work on behalf of consumers to strengthen the supply of good, accessible consumer financial information and guidance, and should not seek to compete as a public service provider in an already crowded market

  • how these consumer benefits could be achieved at lower cost and with greater accountability

Read the government’s response to the report