MAS refers 0.2% of users to regulated financial advice

According to figures released by the service yesterday, about 3,000 people were referred to regulated financial advice from the service's website in 2011/12. Meanwhile, 25% of its website users took some sort of action based on the information or advice received. Elsewhere, the MAS saw 74,000 people through face-to-face sessions, of whom 36% took action, while 49% of its 84,000 telephone service users did the same. In its annual review, it also emphasised the importance of the MAS in helping to close the advice gap - claiming only 15% of people can afford a financial adviser. Th...