The Money Advice Service has proposed a slightly increased money guidance budget of £27.2m for its final year (up £0.2m) before it merges with two other guidance bodies.

The Pensions Advisory Service and the Money Advice Service, both government-backed financial guidance bodies, have launched an ‘integrated’ webchat service.

Charles Counsell, an executive director at The Pensions Regulator, has been named the new Money Advice Service chief executive this morning.

An advisory group has been awarded a contract to provide regulated advice to the Money Advice Service’s staff.