The Money Advice service has hit back at suggestions it will be axed in two years.
The Service has refuted claims by Robert Sinclair, chief executive of the Association of Mortgage Intermediaries, who said he expects the abolition of the controversial Money Advice Service (MAS) when the body comes up for review in 2015.
Caroline Rookes, chief executive of the Money advice service, said: "I firmly dispute Robert Sinclair's notion that we "have struggled to get a grip with what it is [we] really want to deliver."
"First, we have already helped over 2.5 million customers and around 70% of those say we helped them decide on a course of action.
"Second, we have a very strong direction for the period ahead. Our Business Plan, published last month, set out clearly the work we will do to help people achieve very specific outcomes."
She also disputed Sinclair's assertation that incorporating financial education into the national curriculum will lead the Service to wither on the vine.
She welcomed the decision to add financial education to the curriculum, but added: "With over half of the population saying they have never received, or being unable to recall receiving financial advice, there is a clear need, now, for the independent, impartial advice we provide.
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