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