View more on these topics

Ami: MAS will be axed by 2015 if it doesn’t improve

Robert Sinclair 2012 700x450
AMI chief exec Robert Sinclair

Association of Mortgage Intermediaries chief executive Robert Sinclair believes the Money Advice Service will be abolished within two years unless it improves its performance.

Speaking at a conference staged by conveyancing services provider myhomemove at the Heritage Motor Centre in Gaydon today, Sinclair said MAS’s new management team needs to “get to grips” with the service.

He said: “The Money Advice Service is here for at least another two years. I do think at that point it will be reviewed and probably shut down unless the new management team get to grips with it in a way that is different to how they have done it now.”

Sinclair added the introduction of financial education in schools will make the MAS less necessary, saying the organisation will “wither on the vine” as that happens.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Just get on with it and put it out of its misery NOW.
    And don’t forget to claw back the salaries and bonuses of those nincompoops who came fresh into MAS, having just left the local brewery after being fired ( allegedly) for not being able to organise a pi..up in said brewery

  2. I hope he is right but if it is like every other quango that has ever been set up – its objectives will be carefully set so that they can be looked at in two years time and a statement made that these have been met so there is no need to scrap it. Unfortunately it is only his opinion. What I would like is for the Treasury to say the same thing and state it will instruct the FCA to dismantle it and get rid of everyone in it – not bring them under the fold of the FCA to increase their size.

  3. My MES levy isn’t too costly, the website has some useful info for the consumer and their free booklets are a useful generic provider of non company specific info before the client gets a KFD. Focus on that move out of London and crust SENIOR salaries, NOT junior staff and I will support a renamed MES, not MAS.

Leave a comment