Money Advice Service 'will be gone by 2015'

clock

The controversial Money Advice Service (MAS) will likely be shut down when it next comes up for review in 2015, according to Association of Mortgage Intermediaries (AMI) chief executive Robert Sinclair.

"The MAS is here for at least another two years," he said. "[But] I think, at the end of that point, it will be reviewed and probably shut down, unless the new management team gets to grips with it in a different way." Sinclair, speaking at a conference hosted by conveyancing services provider Myhomemove, said a government decision to introduce financial education in schools would remove part of the MAS' purpose. "I sit on [the MAS's] industry consultation body, and it struggles to get a grip on what it really wants to deliver. "The biggest single thing that is going to shift finan...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA sets out plans to simplify complaints regime

FCA sets out plans to simplify complaints regime

Including requirement for firms to report complaints involving vulnerable clients

Isabel Baxter
clock 04 December 2025 • 2 min read
FCA looks to boost transparency of ESG ratings providers

FCA looks to boost transparency of ESG ratings providers

Regulator opens consultation

Michael Nelson
clock 01 December 2025 • 2 min read
Regulators urged to hold pension transfer 'bad actors' to account

Regulators urged to hold pension transfer 'bad actors' to account

Advisers report ‘widespread and sometimes extreme delays’

Sahar Nazir
clock 24 November 2025 • 5 min read