Call for MAS to be rebranded as Money Guidance Service

clock

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...

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 Pensions

SSAS and the general levy: A victory for common sense

SSAS and the general levy: A victory for common sense

The value of SSASs after general levy consultation outcome

Caitlin Southall
clock 26 March 2024 • 5 min read
Pension dashboard operators join forces to push project forward

Pension dashboard operators join forces to push project forward

Coalition aims to bring 'dashboards to consumers as early as possible'

Jasmine Urquhart
clock 25 March 2024 • 2 min read
Conservative manifesto to include state pension triple lock pledge

Conservative manifesto to include state pension triple lock pledge

Tories will keep triple lock in place if party stays in government

Jenna Brown
clock 25 March 2024 • 1 min read