Money Advice Service

Treasury written question – answered on 11th July 2012.

Alert me about debates like this

Photo of Gregory Campbell Gregory Campbell Shadow Minister (International Development)

To ask the Chancellor of the Exchequer if he will commission an independent study into the cost-effectiveness of the Money Advice Service's allocation of marketing and brand awareness.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

The Money Advice Service (MAS) is an independent body, funded by a levy on the financial services industry. The Financial Services Authority (FSA) is responsible for approving its business plan and budget. MAS published its business plan and budget for 2012-13 in March 2012. Lord Turner, Chairman of the FSA, has made it clear that the FSA intend to commission an independent review into the economy, efficiency and effectiveness of MAS's use of public resources in the first half of next year.

MAS makes an annual report to the FSA in relation to the discharge of its consumer financial education function, including setting out the extent to which the body has met its objectives and priorities for the period covered by the report. The annual report for 2010-11 is available on MAS's website. The service will publish its 2011-12 accounts in July and will report on its marketing spend for 2011-12 in its annual review to be published in August.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.