MAS: We use word advice as 'ordinary folk understand it'

Tony Hobman was one of the witnesses giving evidence this morning before the Joint Committee on the Draft Financial Services Bill, which is scrutinising the legislation which shapes the future of financial regulation. He was questioned by MP David Ruffley on the mission of the MAS and its targets, with a particular focus on what he meant when he wanted the service to become a more "advice-orientated" organisation. Hobman was he wanted to provide "more a directive advice" than just giving consumers information. "We will be prepared to talk to people about what the risks are in certa...