Money Advice Service users up 62% on last year

Nicola Brittain
clock

The number of customers using the Money Advice Service (MAS) is up 62% from 1.2 million in 2011/12 to 2.1 million in 2012/13, according to full-year results released today.

The figures exceeded the service's target number of users for 2012/13 by 0.2 million. 

Some 3.4 million people have used the service, which is offered via the web, phone and face to face, since its launch in April 2011.

The total number of telephone contacts over the year was 81,000. Some 15,000 people opted to use the web chat (since launch at September 2012) and the service delivered 100,000 face-to-face sessions.

Almost 1.2 million action plans were delivered over the year, against a target of 1 million.

The service funded 158,000 free debt advice sessions delivered through partners in England and Wales, against 100,000 in 2011/12, before it took over responsibility for co-ordination of the sector. This marks a 58% year on year increase. 

The results show overall satisfaction with the service: 89% of users said they would revisit it; 84% said the service provided them with the information they needed; and 74% said the service helped them decide on a course of action.

Caroline Rookes, chief executive of MAS, said: "These figures are just the tip of the iceberg - millions more people need our help.

"The plans for 2013/14 set out a vision for building on our work to date and helping those most in need to manage their debt, save and protect what they own.

"Our task, to change the money habits of a nation, is ambitious, but I am confident that, working with our partners, we can achieve it in the years to come."

More on Insurer

Third of renters could only afford ten weeks off work

Third of renters could only afford ten weeks off work

Scottish Widows research

Cameron Roberts
clock 19 November 2024 • 2 min read
AXA Health appoints director of distribution and marketing

AXA Health appoints director of distribution and marketing

Richard Glassborow takes the role

Cameron Roberts
clock 18 November 2024 • 1 min read
Zurich UK adds employee neurodiversity assessments

Zurich UK adds employee neurodiversity assessments

Half of neurodivergent adults do not disclose due to stigma, research finds

Jen Frost
clock 14 November 2024 • 3 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