Tony Hobman leaves Money Advice Service

The organisation has been under pressure in recent weeks, with the Treasury Select Committee investigating its effectiveness. MPs have been particularly critical of his £350,000 remuneration package. Hobman will continue to work during his six-month notice period and the MAS is aiming to find a successor by the autumn. It will also conduct an immediate review of the future role and remuneration of the chief executive. "I have enjoyed my time here and am proud of the turnaround of the organisation and the imminent upgrade to the Service," Hobman said. "It has a crucial role to...