Money Advice Service chiefs share £100k bonus pot

Money Advice Service chief Tony Hobman and four senior managers shared a £100,000 bonus pot in the last financial year, despite a raft of job cuts at the firm.

According to the Financial Mail on Sunday, chief executive Hobman (pictured) received a £35,000 bonus, with £66,000 shared among four other senior managers.

Money Marketing revealed that MAS was putting over half of its staff on consultation last year after a review of its products, services and delivery channels.

The bonus pool came to light after Parliamentary questions by Labour Treasury spokesman Chris Leslie.

He said: “These are unacceptable rewards for a public body that has yet to make its mark,’