The Money Advice Service has revealed it is axing 60 job roles as part of a restructure, just eight months after it launched, while the CEO enjoys pay before benefits of £250,000 a year.
Giving evidence to the Business, Innovation and Skills Committee today, MAS chief executive officer Tony Hobman confirmed the national free advice service will slash its team from 140 to 80 members of staff in a restructure of its preventative advice service. The restructure comes as Hobman confirmed his annual salary will be £250,000 with additional benefits - considerably more than Prime Minster David Cameron's salary of £142500. Defending his bumper wage packet, Hobman said: "If we get it right we will make a huge difference to millions of peoples lives so we hope we can be value f...
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