Advice on Financial Management of Award.
Added on January 25, 2005
As stated in the October newsletter the Board has appointed MABS (Money Advice and Budgeting Service) to operate a free, confidential and independent service through which applicants who have received an award may be given advice as to financial management of the award. Its purpose is to give advice which is general in nature, covering the options open to award recipients, but not directing them to named financial institutions or brokers. MABS are locally based independent information and advice providers operating as limited companies.
MABS has been in operation since 1992 and more details about it are available on website: www.mabs.ie. The Redress Board scheme will be separate from MABS usual advice services.
The Board has now advised all award recipients of the service through their solicitors or directly if unrepresented. All future award recipients will be advised of the service once they have accepted an award. MABS may be contacted on 01/ 8645656.