Govt commissions independent review of Money Advice Service

The MAS has been asked to play a role in establishing a guidance-for-all service for retirees following Budget 2014, at which chancellor George Osborne announced both increased flexibility on access to pensions and promised a "right to advice" for all those retiring. But the government has also agreed to a review of the service. It follows criticism of the MAS from the TSC, particularly over its value for money. The chairman of the committee, Andrew Tyrie (pictured), said: "Given the seriousness of the problems identified at the MAS during our inquiry, the Treasury Committee consid...