Five ways MPs say the Money Advice Service lost track

The committee today issued its findings after a year-long inquiry into whether the MAS delivered on its objectives of: enhancing people's understanding of financial matters and their ability to manage their financial affairs, and coordinating and providing debt advice. Here is a round-up of where MPs think the MAS went wrong: 1) Spending too much money on marketing and following a "misguided" approach MPs alleged that the MAS has spent too much money on marketing as opposed to service delivery, particularly in its early years. The Treasury sub-committee said the MAS had planned ...