Chris Hannant, director general of the Association of Professional Financial Advisers, is to sit on the independent panel set to oversee the Money Advice Service’s responses to the Treasury’s independent review.
The review, led by former National Association of Pension Funds chief executive Christine Farnish, recommended extending Mas’ services on debt advice and drastically reducing its role in education, in order to avoid duplication.
The new panel will be chaired by Mas board member Jonathan Douglas and has 11 members altogether.
Amongst the other panelists are Sue Lewis, chair of the Financial Services Consumer Panel, and Martin Lewis, editor-in-chief at Moneysavingexpert.com.
Also featuring are Clinton Askew, director of Citywide Financial Partners and chair of the Financial Conduct Authority Smaller Business Practitioner Panel, Philip Brown, head of retirement propositions at LV, and John Godfrey, corporate affairs director at Legal and General.
Caroline Rookes, chief executive for Mas, said: “I’m pleased to bring together such a strong range of experts to help us consider Christine Farnish’s recommendations around the delivery of money advice.
“We’ve already made good progress in implementing many of her recommendations, especially around financial capability and debt advice,” she continued, adding that a summit was recently held to bring together funders of financial education and the board has been strengthened with three new non-executive directors.