View more on these topics

Treasury and FSA launch Moneymadeclear service

The Treasury and the Financial Services Authority has today launched its joint £12m Moneymadeclear service in the North-East and North-West of England.

The service will provide consumers based in these areas with impartial advice to tackle money worries including avoiding debt problems and coping with a change in circumstances.

Moneymadeclear will act as a blueprint to the test the likelihood of a national money guidance service, as recommended by the Thoresen Review last March.

The service is aiming to reach up to 750,000 consumers in the North-East and North-West of England by spring 2010.

Ian Pearson, economic secretary to the Treasury, says: “I am delighted to launch the Moneymadeclear service pathfinder.

“Those facing money concerns or questions need to know that good, practical help is at hand.”

He adds: “The launch of the pathfinder today marks a major milestone on the journey to achieving the government’s aim of a national money guidance service.”

“It is clear that the need for this service is greater than ever.”

Chris Pond, director of financial capability at the FSA, says: “We want Moneymadeclear to help give the public the confidence and capability to make the most of their money – now and in the future – by providing guidance that they need on the money matters that shape their everyday lives.

“Improving the public’s ability to make financial decisions is in everybody’s interests.

“If consumers know what they want and how to get it, the financial services market become less one-sided and a lot more efficient.”

Recommended

Pink encourages brokers to embrace self-build

Pink Home Loans is encouraging its network members to learn more about the growing market of self-build and renovation at its training session to be held on Friday 24th April 2009.

LV= extends offer on unemployment policy

LV= has extended a protection offer for new customers which allows them to make an unemployment claim within 60 days of taking out a policy.

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]

Newsletter

News and expert analysis straight to your inbox

Sign up