MAS boss: We are addressing enormous advice gap

Jenna Towler
clock •

More than 700,000 people contacted the Money Advice Service (MAS) in the last six months, an increase of 8% compared to last year.

The service's half-year results showed 88% of people would use the MAS again and 81% said it provided them with the information they needed. Some 69% said the service helped them decide on a course of action.

Four out of ten people using the service received an action plan - 283,000 action plans so far, against an ambitious target of 1m by March 2013.

Gerard Lemos, chairman of the MAS, said: "The service is making steady progress in tackling the country's enormous advice gap.

"The long-term goal to make being good with money the norm remains. So we will continue to work hard towards our ambitious targets and develop the Service to make sure it is in tune with people's needs, provides action-oriented and sustained help and becomes better known for all life's money matters."

More on Regulation

IPT receipts hit £4.53bn in H1 2026/27

IPT receipts hit £4.53bn in H1 2026/27

Down £11m year-on-year

Jaskeet Briah
clock 21 October 2026 • 2 min read
AI blurring the line between regulated and unregulated financial advice: FCA

AI blurring the line between regulated and unregulated financial advice: FCA

Risks of consumer harm, cyber vulnerabilities and operational failures

Jack Roach
clock 19 October 2026 • 4 min read
Autumn Budget opportunity to slash IPT: Broadstone

Autumn Budget opportunity to slash IPT: Broadstone

NI incentives could encourage engagement

Cameron Roberts
clock 19 October 2026 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read