The Money Advice Service
Encyclopedia
The Money Advice Service, is an organisation that provides money advice for consumers in the UK.
The service was launched under the Money Advice Service banner in April 2011 and supersedes the Moneymadeclear-branded service provided by the Consumer Financial Education Body
. Prior to 2010, the service had been a division of the Financial Services Authority
.
In June 2011 the service launched its online Health Check, backed by a TV advertising campaign.
The official descriptors of the service are as follows:
"The service offers free, unbiased money advice to help the millions of people who need practical advice. It aims to help everyone – no matter how much or little money they have – to take the right financial decisions and act on them, by giving personalised advice."
"The Money Advice Service is an independent organisation. Its statutory objectives are to enhance the understanding and knowledge of members of the public about financial matters (including the UK financial system); and to enhance the ability of members of the public to manage their own financial affairs."
"It was set up by the UK Government and is paid for by a statutory levy on the financial services industry, raised through the Financial Services Authority. The Service has an independent Chairman and board appointed by the FSA."
"The Money Advice Service is available online at moneyadviceservice.org.uk, over the phone on 0300 500 5000, and face-to-face in locations across the UK."
The service was launched under the Money Advice Service banner in April 2011 and supersedes the Moneymadeclear-branded service provided by the Consumer Financial Education Body
Consumer Financial Education Body
The Consumer Financial Education Body was the former name for The Money Advice Service, an independent body that promotes personal financial literacy in the United Kingdom....
. Prior to 2010, the service had been a division of the Financial Services Authority
Financial Services Authority
The Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...
.
In June 2011 the service launched its online Health Check, backed by a TV advertising campaign.
The official descriptors of the service are as follows:
"The service offers free, unbiased money advice to help the millions of people who need practical advice. It aims to help everyone – no matter how much or little money they have – to take the right financial decisions and act on them, by giving personalised advice."
"The Money Advice Service is an independent organisation. Its statutory objectives are to enhance the understanding and knowledge of members of the public about financial matters (including the UK financial system); and to enhance the ability of members of the public to manage their own financial affairs."
"It was set up by the UK Government and is paid for by a statutory levy on the financial services industry, raised through the Financial Services Authority. The Service has an independent Chairman and board appointed by the FSA."
"The Money Advice Service is available online at moneyadviceservice.org.uk, over the phone on 0300 500 5000, and face-to-face in locations across the UK."