The Treasury Select Committee has published a letter from the government responding to its report on the Money Advice Service, confirming that it will commission an independent review of the service www.moneyadviceservice.org.uk.
The government made a commitment to review the service when setting out a programme of fundamental reform for financial services regulation. It was back in December, 2013 that the Treasury Select Committee recommended the Money Advice Service be reviewed.
In the letter, Sajid Javid said that the government will announce further details shortly and follows on from an initial commitment to review the service in October 2010.
Sajid Javid is a British Conservative Party politician who has been the Member of Parliament for Bromsgrove since 2010. He has been the Financial Secretary to the Treasurer since October, 2013.