MAS budget stays at £75m despite end of face-to-face guidance

After scrapping its face-to-face financial guidance in September, the guidance body's budget for money guidance for the next financial year (2017/18) has dropped from £30m to £27m. That £3m has, however, shifted from its money guidance arm to its debt advice side, keeping its overall budget at £75m. According to MAS chief executive Caroline Rookes (pictured), who will step down from her role to retire in April 2017, the budget movements represent a shift in demand from financial guidance to debt advice. She said: "We're changing the balance between the money advice side and the deb...