Money Advice Service Revenue and Competitors

The Money Advice Service helps people make their most of their money. We do this directly through our own free and impartial advice service. We also work with other organisations to help people take control of their finances. We are an independent service, set up by government. Supporting people's money management Our service is available 24 hours a day via our website and six days a week by telephone on 0800 138 7777 (calls are free). We provide guidance across a wide range of money matters, including a number of useful tools and calculators. We also work with a wide range of other organisations to make our content available to their customers, clients, members, followers or employees. This includes producing and distributing a number of printed guides. Helping people tackle problem debt We aim to help people avoid getting into unmanageable debt but, for those who do, we fund the provision of free, high-quality debt advice, delivered by our partners across the UK. The Money Advice Service is the largest single funder of debt advice in the UK. We are also responsible for driving higher-quality and more consistent debt advice services across the UK. Our aim is to make sure people get help to deal with their creditors and reduce their debt, and also support to build their financial resilience so they are less likely to get into difficulties. Driving improved financial capability The Money Advice Service has led the work of a wide range of organisations across the public, private and voluntary sectors to develop a new Financial Capability Strategy for the UK. The Strategy sets out a ten-year plan to address not just people's skills and knowledge around money management but also the attitudes and motivations that hold them back, and their access to products and services. For more information about the Strategy, and the work we and others are doing to put it into effect, please visit fincap.org.uk.