Mark Hoban

Ex-Treasury minister Mark Hoban is to quit parliament from May.

Mark Hoban has backed the Money Advice Service (MAS) to play a central role in providing the guidance guarantee.

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HOBAN

Greg Clark, a minister in the Communities and Local Government department, has taken over from Mark Hoban as financial secretary to the Treasury, as part of the government reshuffle.

The government has admitted it is ‘difficult' to ascertain the impact of the LIBOR rigging scandal on consumers and whether banks will have to pay out compensation as a result of it.

MPs on the Treasury Select Committee (TSC) will question financial secretary Mark Hoban on the Money Advice Service (MAS) later this week.

The Financial Services Authority (FSA) is to commission an independent review of the Money Advice Service's (MAS) use of its resources next year, it has been revealed.

The government has held firm in its refusal to bow to pressure to give almost six million children access to junior individual savings accounts (ISA).

Financial secretary to the Treasury Mark Hoban has stressed the twin peaks regulatory regime will be accountable to Parliament.