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The FSA, in partnership with Government, launched the national money guidance service yesterday following its successful pathfinder project.
In March 2009 a one-year pilot was launched by the Financial Services Authority (FSA), in partnership with the Government, to test delivery of a money guidance service in the North West and North East of England, using the Moneymadeclear brand. The service provided impartial guidance on personal finance, tailored to individuals’ needs and circumstances. The Moneymadeclear service originally was set up in response to the Thoresen Review, commissioned by the Treasury in 2007, looking at how to bring generic financial advice to everyone in the UK.
Yesterday the Chancellor of the Exchequer Rt Hon Alistair Darling, alongside Chris Pond, FSA Director of Financial Capability, visited a money guidance session at Liverpool Mutual Homes to thank those involved with the pathfinder and to launch the national Moneymadeclear service.
Moneymadeclear aims to help people be able to be confident and informed when making financial decisions. The service also hopes to encourage them to take action before money worries become unmanageable money problems, though it will never recommend products or try to sell anything.
Moneymadeclear does this by helping people to:
Further information is available about national money guidance service on the FSA Moneymadeclear website.
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In March 2009 a one-year pilot was launched by the Financial Services Authority (FSA), in partnership with the Government, to test delivery of a money guidance service in the North West and North East of England, using the Moneymadeclear brand. The service provided impartial guidance on personal finance, tailored to individuals’ needs and circumstances. The Moneymadeclear service originally was set up in response to the Thoresen Review, commissioned by the Treasury in 2007, looking at how to bring generic financial advice to everyone in the UK.
Yesterday the Chancellor of the Exchequer Rt Hon Alistair Darling, alongside Chris Pond, FSA Director of Financial Capability, visited a money guidance session at Liverpool Mutual Homes to thank those involved with the pathfinder and to launch the national Moneymadeclear service.
Moneymadeclear aims to help people be able to be confident and informed when making financial decisions. The service also hopes to encourage them to take action before money worries become unmanageable money problems, though it will never recommend products or try to sell anything.
Moneymadeclear does this by helping people to:
- Cope with changing circumstances, like a sudden drop in income;
- Get the most out of a budget;
- Save for a special event, or just a rainy day;
- Borrow wisely;
- Plan for retirement;
- Understand tax and welfare benefits; and
- Explain financial jargon.
Further information is available about national money guidance service on the FSA Moneymadeclear website.
More...
