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Advice service fails to hit action targets

The Government-funded Money Advice Service (MAS) came under renewed scrutiny this week as it admitted generating less than 284,000 financial action plans for website visitors in six months, against a full year target of one million.

MAS said it now had 30,000 "customers" a week, a rise of 8% on the previous year.

But independent financial advisers, who have been critical of MAS's promise of "advice" for what is general guidance, questioned how many of the 703,000 website visitors were actually being helped.

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Finance

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