MAS consumer contact up 40% year on year

Carmen Reichman
clock

Almost 1.6 million more consumers contacted the Money Advice Service (MAS) in the last three months than in the same period last year, latest figures show.

MAS' performance figures for the months July to September showed consumer contact - comprising a visit to the website, web chat, phone or face-to-face session - was up 42% on the previous year, as 5.4 million people were recorded as having used the service. The vast majority were online contacts, recording more than five million users. The MAS has an annual target of 16 million contacts, up from 5.45 million last year. Last autumn it was branded "not fit for purpose" by the Treasury committee (TC), which found it was failing in its objectives and not offering value for money. La...

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