Consumer Panel pushes for MAS remit to be widened

In its response to the government's consultation on the MAS launched in May, the FSCP said it wants the MAS to "go beyond debt advice and basic money management". It wants it to get involved in helping consumers with issues such as converting their pension savings to retirement income, funding long term care, and investing and saving for the future. "Impartial help in these areas is not easily available from other sources," the panel said, before acknowledging that the guidance guarantee "should help with retirement issues". The panel suggested that the MAS should go beyond providi...