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Money Advice Service updates to the Standard Financial Statement
Throughout the year we have listened to users of the SFS and updated it to suit their needs, launching a slightly amended format earlier this month. The spending guidelines have also been subjected to their annual update, which is based on a robust and fair methodology reviewed and enhanced from the Common Financial Statement.
Those organisations using the SFS should now amend the format and spending guidelines in line with our recent update and no later than 1 May.