MPs to grill Hoban on Money Advice Service

clock

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

A TSC sub-committee has been taking written and oral evidence on the future of the MAS since June, focusing on its effectiveness, funding and accountability. In its final session on Wednesday, the MPs will take evidence from Hoban, as well as Citizens Advice chief executive Gillian Guy. Hoban has previously described himself as a "great supporter" of the MAS. The service has come under attack from both MPs and witnesses during the evidence sessions so far, with Labour MP George Mudie describing it as a "playground bully" for its disruptive influence on the industry. Meanwhile, M...

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 Regulation

'Fairer' regulation and 'smarter' compliance essential to unlock sector's full potential

'Fairer' regulation and 'smarter' compliance essential to unlock sector's full potential

Professional bodies outline four key reforms to boost financial services

Jenna Brown
clock 20 May 2025 • 3 min read
FCA confiscates more than £300,000 from convicted fraudsters

FCA confiscates more than £300,000 from convicted fraudsters

Faced charges for £1.2m investment fraud in 2023

Isabel Baxter
clock 14 May 2025 • 1 min read
PA360: FCA's Hulme - Targeted support will 'never' replace holistic financial planning

PA360: FCA's Hulme - Targeted support will 'never' replace holistic financial planning

A ‘broader stepping stone’ to fully fledged advice

Isabel Baxter
clock 01 May 2025 • 2 min read