Press release: Money Advice Scotland Annual Conference 2011, Crieff Hydro Hotel, Scotland

23 June 2011

Gerard Lemos, Chairman of the Money Advice Service, spoke about how the Service is helping people manage their money both in the face of day-to-day pressures and for the longer term. Gerard talked about longer-term social trends - such as changes to pensions, university fees and the costs of care in later life - that make it even more important for people to adopt managing money well as the norm.

He explained how the health check provides people with an action plan, and that the Money Advice Service is developing more proactive and interactive new products.

Gerard said ‘We need a seamless transition from advice that helps people out of debt and into day-to-day control and then on to long-term financial planning.’

Gerard said he was looking to work with others ‘to maximise the huge contribution money can make to people’s well-being, as well as helping to solve their problems, particularly in these very difficult economic times.’

He concluded, ‘I fervently believe that we must go further than helping people to get out of – and stay out of – debt. I’m interested in people’s security and wellbeing. I want all of us to help people to lead lives, not just free from debt problems, but also free from day-to-day anxiety; feeling good about the present and positive about the future.’