Government-backed Money Advice Service paid 100,000 to top brass despite job losses


Government-backed Money Advice Service paid 100,000 to top brass despite job losses

Executives of the Money Advice Service, the Government-backed consumer organisation, shared a bonus pool of more than 100,000 in the last financial year.

Chief executive Tony Hobman pocketed 35,000, with 66,000 shared among four other senior managers.

Money Avarice Service: Chief executive Tony Hobman was handed an extra 35,000 after jobs were cut.

Money Avarice Service: Chief executive Tony Hobman was handed an extra 35,000 after jobs were cut.

MAS hit the headlines last year when it confirmed that 60 of its 140 staff would be axed as it was disclosed that Hobman was receiving a 350,000 package.

The bonus pool was revealed after questions by Labour Treasury spokesman Chris Leslie. ‘These are unacceptable rewards for a public body that has yet to make its mark,’ he said.

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