MAS helps millions make sense of money matters

Laura Miller
clock

More than 6.3m people contacted the Money Advice Service (MAS) between April and September, suggesting demand among the public for generic financial advice.

The industry-funded MAS is controversial among financial advisers, who argue people should talk to a qualified financial professional if they are looking for money advice. However many of the people MAS is aimed at helping fall below the threshold of most adviser's services. Research published by the service in August suggested half of UK adults struggle to keep up with their bills and credit commitments, up from one in three in 2006. Some 52% of the 5,000 people surveyed said they were struggling compared to 35% seven years ago. It is these people MAS is trying to target with i...

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 Your profession

Farage ditches £90bn tax cut pledge to focus on 'fiscal restraint' - report

Farage ditches £90bn tax cut pledge to focus on 'fiscal restraint' - report

Reform UK will prioritise spending cuts over borrowing

Sahar Nazir
clock 13 October 2025 • 2 min read
Advice firms turn to early intervention as section 166 reviews on the rise

Advice firms turn to early intervention as section 166 reviews on the rise

Kennedy’s lawyers tell Professional Adviser

Sahar Nazir
clock 13 October 2025 • 5 min read
Autumn Budget 2025: Chancellor must look to tax reform and avoid 'exacerbating' existing problems – IFS

Autumn Budget 2025: Chancellor must look to tax reform and avoid 'exacerbating' existing problems – IFS

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 13 October 2025 • 1 min read