The Investment Association responds to the farnish review on mas
Responding to publication of the Farnish Review of the Money Advice Service (MAS), Daniel Godfrey Chief Executive of The Investment Association, said:
“The role of MAS is to ensure that consumers have access to all the information they need to make informed financial decisions. This is becoming ever more important as the onus increases on individuals to provide for their own financial security.
“The Investment Association is committed to improving financial capability and the availability of help for consumers. We support the recommendation that MAS should focus on a role as co-ordinator and, where necessary, a commissioner of information and guidance across the universe of financial needs. There are already many commercial and not-for-profit providers and MAS should play the key role in ensuring comprehensive provision of high quality resources.
“The Investment Association will provide tools and information to help consumers understand the need for long term savings and the role of investment funds and will work closely with MAS to help them achieve their objectives.”