MAS staff cut by two thirds during year-long review

Nicola Brittain
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The Money Advice Service (MAS) has reduced its staff numbers by almost two thirds during a year-long transformation project that began in February 2012.

Staff numbers have been cut from 150 to 66 and the organisation has paid out £4m in redundancy payments. The job cuts were made over the course of the last financial year. A spokesperson for the organisation said: "We wanted to make sure that the MAS was fit for purpose and that we had the right skills and capabilities in place. "We're now a year on and we have got 66 permanent staff."  Other changes made during the review include a website upgrade in July that saw the number of comparison tables doubled. Caroline Rookes will join the MAS as chief executive officer in Februar...

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