The Money Advice Service is delighted to fund a project to understand how to support clients in improving their financial capability alongside debt advice. This research will provide insight as to what is needed to make sure that advisers feel equipped with the right resources, training and techniques to empower clients to improve their financial capability.
As a client receives debt advice there is often a conversation about how to manage money better on a day-to-day basis when carrying out the budgeting step. From setting money aside for annual expenditures like MOTs or Christmas, to ensuring clients don't skip meals to make debt payments, these conversations are asking clients to make significant behavioural changes which may have a strong impact on debt advice outcomes.
MAS are now giving debt advice providers the opportunity to be at the forefront of improving debt advice in delivering effective financial capability outcomes. They will benefit from:
To apply, please visit the MAS esourcing platform and log-in or create an account using the following link:
Organisations interested in the fund will need to submit an application by 5.00pm 22nd November 2018.
If you'd like any further information prior to applying, please contact Daniel Kelly from Money Advice Service on