MAS senior management share £100k bonus

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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 current...

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