The current inefficient and confusing system of government-backed financial help for consumers is to be replaced with a new one-stop-shop organisation that will advise consumers about debt, pensions and scams.
This new body will replace three existing publicly-funded organisations, one of which came under fire for spending more than £100m on marketing and advertising in an attempt to increase brand awareness.
The Treasury said the new system would make it easier for consumers to get the financial help they needed at a time when demand for debt advice was increasing and millions of people had more choices about what to do with their retirement cash.
This new body, which is yet to be named, will replace the Money Advice Service (MAS…
Read the full article at: https://www.theguardian.com/business/2016/dec/19/government-debt-pensions-advice-treasury-dwp-mas-tpas