Money Advice Service

The Money Advice Service (MAS) and two existing pension advice services will be merged into a single new Government-backed financial guidance body, which will provide free advice on a range of money matters including pensions and managing debt.

Efforts towards improving the money management skills of people across the UK have received a multi-million pound cash injection – with money going to organisations that help improve people's 'financial capability'.

The Money Advice Service – the official organisation created to offer consumers free advice on their finances – is to be replaced by a new "slimmed down" body under plans set out in the 2016 Budget.

A major 10-year strategy to help consumers prepare for and manage their money has been published today, after research reveals four in 10 adults are not in control of their finances.

Martin Lewis, founder and editor of MoneySavingExpert.com, has joined a 'challenger panel' in a bid to make radical improvements to the Money Advice Service (MAS), after an independent review criticised the way it is run.

While it's been available to publish since December, today the Treasury has finally released its response to the independent commissioned report by Christine Farnish, who has called for radical changes to the Money Advice Service and for an end to the marketeers gravy train.

MoneySavingExpert.com is today calling for the Treasury to publish the independent report it commissioned into the Money Advice Service, authored by Christine Farnish – a report it has delayed and hidden since December in a likely attempt to prevent any pre-election backlash.

Around nine million more adults are struggling with money now compared with seven years ago, according to a major report into the health of the nation's finances.

The "bleak" financial situation faced by the younger generation was laid bare today, as official figures showed that more people aged 25 to 34 are turning to a type of insolvency known as a debt relief order (DRO) than any other age group.

New payment protection insurance (PPI) rules have come into force, which aim to give consumers more information about what they're being sold.