The Money Advice Service (MAS) should drop the word ‘advice' from its title as it is "confusing" for the public, according to a director at an advisory firm.
Kay Ingram, director of individual savings and investments at LEBC, said the MAS and The Pensions Advisory Service (TPAS) should change their names as both organisations gear up to offer free retirement ‘guidance' from next April, following the changes announced at Budget 2014. "The word advice should be replaced with guidance as that more accurately reflects what they offer," said Ingram, speaking at a conference on developments in the retirement market on 14 October. "To purport to offer advice when they don't is confusing for the public who will have their expectations of the servi...
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