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Independent service set up under the financial services act (2010) as the consumer financial education body. now part of the money + pension service and the pension wise + the pensions advisory service. Aim - enhance public understanding + knowledge and the financial systems financial matters, and to enhance peoples abilities to manage their own financial affairs. In other words, it gives free + unbiased money advice to everyone in the UK via its website, over the phone and face-to-face. Not only does the website coordinate and provide help for that advice but it also puts people in touch with specialist organisations that offer free, independent and confidential advice such as citizens advice and stepchange debt charity Debt advice Looks at a persons financial position in relation to their circumstances and aims to anticipate future events. Financial needs change over time. MAS has responsibility for financial education and it works with a wide range of stakeholders in industry + gov. It's website gives info on a wide range of topics including: Offers online MHC which uses behavioural insights to encourage people to take financial action. involves people answering personal + financial ?'s. Allows them to see what their money priorities are, to set clear goals they can work towards and draw up a personalised action plan. 9.4 - PUBLIC SOURCES OF INFO - MONEY ADVICE SERVICE Life events - mortgage, having a baby, losing a job, divorce, separation, retirement and long- term care. There's a lot of info about the financial implications, the legal position, how someone can go about making financial plans to deal with, the financial products that might be useful in such a situation and how they work. For instance, under homes + mortgages, there's info on renting or buying for the first time Attitudes to managing money Age, marital status, work situation Managing money - advice, tips and tools to help Financial education + info ...
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