Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what plans he has for the future of the Money Advice Service.

The government has commissioned an independent review of the Money Advice Service, led by Christine Farnish, which will report to me by the end of the year.

MAS has an important responsibility to increase financial knowledge and capability in the UK. The review will consider how effectively and efficiently MAS is meeting the consumer need for education and advice; and make recommendations on any changes to MAS's approach that would better enable it to meet this need.