Commenting, Victoria Nye, director of education and training at the IMA, said: "We welcome the Money Advice Service, a new independent advice organisation to help everyone manage their money better.
"The Money Advice Service offers a wealth of information, resources and interactive tools to help people make informed decisions about money.
"We look forward to working with the Money Advice Service on consumer education initiatives, helping consumers understand the principles of investing, the importance of long-term saving, and the role investment funds can play."
