Money Advice Service
The Money Advice Service, is an organisation that provides money advice for consumers in the United Kingdom.[1] The service gives free advice to enable people to take the right financial decisions. It is an independent organisation whose 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.
The service was launched under the Money Advice Service banner in April 2011[2] 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 (FSA). It was set up by the UK Government and is paid for by a statutory levy on the financial services industry, raised through the FSA. The service has an independent Chairman and board appointed by the FSA.
In June 2011 the service launched its online Health Check, backed by a TV advertising campaign.