The Money Advice Service's (MAS) senior management team shared a bonus of more than £100,000 in 2010/11, it has been revealed.
In a letter to MP Chris Leslie, MAS chief executive Tony Hobman confirmed the 'Senior Management Team' received total bonuses of £101,000 and spent £1,700 on international travel.
The organisation was still known as the Consumer Financial Education Body during the period, before it was relaunched in April last year.
Leslie had asked for the information through a number of written question to the Treasury in December, which were then referred to MAS.
Hobman's letter also shows the organisation spent £40,000 in 2011/12 on legal advice in relation to the organisational changes currently being consulted on with staff, which is likely to cut 60 roles from its 140-strong workforce.
Meanwhile, he broke down the costs involved in spreading awareness of the MAS so far in 2011/12, with £2.5m going on advertising, including TV, online and outdoor media spend, £197,529 on public relations and £573,454 on other marketing costs.
Hobman also addressed MAS' role in improving the provision of financial education in the education system and the workplace.
"We will take a strategic oversight role of financial education for young people, working with industry and other organisations to encourage resources to be most effectively deployed," he wrote.
"We are currently reviewing activity regarding financial education for young people and the results of this review, which we expect will be completed by end June 2012, will inform further work.
In December, Hobman revealed to MPs that he receives an annual salary of £250,000, with additional benefits.
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