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MAS staff costs rise 56% to £13m

The Money Advice Service’s staff costs have increased by 56 per cent to £12.9m.

The amount the MAS spent employing staff has risen by over £4m from £8.3m in 2012/13, its annual review reveals.

It has increased staff numbers by 28 per cent over the year, from an average of 76.1 full-time employees in 2012/13 to 97.7 full-time employees in 2013/14.

Employee costs within the money advice division of the organisation have increased by 66 per cent, from £7.4m in 2012/13 to £12.2m in 2013/14.

This includes an increase in the cost of contract and temporary staff from £1.9m in 2012/13 to £6.2m in 2013/14.

The MAS says this reflects the use of contractors to deliver digital products and was “offset by equivalent savings in external service expenditure”.

The MAS’ directors earned a total of £1m in 2013/14, with chief executive Caroline Rookes receiving a total pay package of £163,000.

Her pay includes a base salary of £141,000, plus other benefits and bonuses worth £8,000, and a pension worth £14,000.

The executive directors’ pay totalled £773,000 in 2013/14, while non-executive directors were paid a total of £254,000.

The directors’ total pay of £1m is down by 7 per cent compared to £1.1m in 2012/13. This is largely because former chief executive Tony Hobman, who received a base salary of £250,000, stepped down in January 2013 and is therefore included in the 2012/13 results.

The MAS’ total spend in 2013/14 was £78.2m, up from £77.1m in 2012/13.

The review shows the MAS posted a pre-tax surplus of £558,800 in 2013/14, compared to a surplus of £4m in 2012/13.

The organisation spent £14.9m on consumer engagement and corporate communication activity, which includes consumer campaigns, public relations, stakeholder engagement and internal communication. This is down from £18.1m in 2012/13.

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Comments

There are 7 comments at the moment, we would love to hear your opinion too.

  1. Have they stopped sponsoring a reality show on one of the Freeview TV channels?

  2. Nick Pilkington 10th July 2014 at 4:36 pm

    Apart from the fact the various elements of this statement do not add up my calculations are;
    2012/13 76 full time employees total costs £8.3M = approx. £110,000/ employee
    2013/14 98 full time employees total costs £12.9M = approx. £131,000/employee
    This is just ridiculous.

  3. Julian Stevens 10th July 2014 at 5:47 pm

    And still the MAS isn’t fit for purpose. But hey, it’s all just OPM so WGAF?

  4. 56%!

    Who says there aren’t any green shoots?

  5. Hector's House 11th July 2014 at 8:48 am

    It’s amazing how these parasites continue to find new ways of wasting OUR money!

  6. What makes it worse is that look of smugness staring back at me.

  7. Julian Stevens 11th July 2014 at 9:43 am

    A privately funded public sector quango is definitely the place to work for those who fancy a huge pay packet and no more than token accountability for how they spend OPM.

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