The government has admitted the Money Advice Service (MAS) was never given the chance to succeed as badly defined underlying objectives meant it was always trying to "deliver on too many fronts" and making it difficult to excel in any.
Statutory objectives handed to the MAS at its formation were too broad, pushing it to replicate services already available elsewhere and effectively wasting taxpayer's and industry's money, the government...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress