Money Guidance scheme announced

The Government has published new recommendations to provide UK consumers with the knowledge, understanding and confidence to make better decisions about money issues. The Thoresen Review of Generic Financial Advice has set out a blueprint for the national Money Guidance service, which will offer consumers telephone, internet and face-to-face access. The plans will cover issues such as budgeting, saving, borrowing, insurance, retirement planning and deciphering financial jargon.

Research commissioned by the review body revealed 75% of people surveyed would use a national information and guidance service for personal finance issues. Of these, more than 25% felt they would be very likely to use this service.

Further research from the body showed eight out of 10 participants took at least one action within a week or so of using a trial of the service. Of this number, more than half took specific action, such as buying a new product or speaking to a regulated adviser.

The Financial Services Authority (FSA), the UK's financial regulator, will run the Money Guidance service.

Teresa Perchard, director of policy at Citizen's Advice, welcomed the announcement. "The recommendations in the Thoresen Review will, if implemented by government, make access to professional impartial financial advice something for all, not just those that can afford to pay for it," she said. "We hope to be able to play a key role in the development of this national service over the next two years in partnership with others and look forward to seeing the details in the spring."

About the Author

Articles for www.yourmortgage.co.uk bestlifeinsurancedeals.co.uk which covers Mortgage and Mortgages Information and useful Life insurance deals

Source: Newsletters Articles on ArticlesTree.com





Recent Newsletters Articles

Just take a moment to consider, are you really proud of the content you use for ...
We are repeatedly told by Internet marketers that content is the most important aspect of any site. Google is getting smarter and before too long it will stop listing every duplicate content page it finds and I am sure those guys at Google HQ will find some way of making a red flag stick! More Unique Content Articles Than You Could Use in a Lifetime What if you can get someone to write almost unlimited pages of unique content that has never been published anywhere in the world, just for you! At this point you be thinking I have gone mad but what I have said is completely true and if you want your web marketing projects to take off then this is exactly what you need.

How To Boost Your Opt-ins By Using iFrames
Retaining your visitor's attention while they are on your site is a well-known problem for many webmasters. Visitors get distracted and click away from your page or site without performing your chosen tasks you had planned for them to carry out.

Generating Traffic With a Newsletter
With affiliate programs, you can easily sell products without even having to have the product in your hand. As nice as it sounds, you still need to have you own website; it is a requirement for many affiliate programs.

Dr. APJ ABDUL KALAM
Dr. APJ ABDUL KALAM. India's 11th President, who gave us an INDIAN DREAM far better than the American Dream. (Ranjit Singh) "It does not matter who I am, I will work, work, and work." Undoubtedly, it is the sign of a great man that he prefers work to rest, humility to vanity, and victory-spirit to defeatism.

Worried borrowers fail to plan ahead
Mortgage repayments will cause concern for one-in-five mortgage holders over the next year, according to the Financial Services Authority (FSA). Of those worried about making their repayments over the next twelve months, a quarter said they had no plans about what to do.

Propertyfinder reports brisk start to 2008
Interest from home movers has begun 2008 more briskly than some feared, according to the latest figures from Propertyfinder. The online property portal says strong traffic data was especially driven by interest in properties to rent.

Nearly two million Brits without buildings insurance
With storms set to continue and worsen across the country, research from Sainsbury's Home Insurance reveals that 1.78 million homeowners are without buildings insurance. A further 656,000 people claim not to know whether they have this cover.

Mortgage arrears on the rise
Debt figures released by Citizens Advice Bureaux in England and Wales saw mortgage arrears problems shoot up by 35% in the first two months of 2008, compared with the same period in 2007. The figures also reveal continuing increases in problems relating to basic essentials such as gas and electricity, water, telephone and Council Tax debts.

Money Guidance scheme announced
The Government has published new recommendations to provide UK consumers with the knowledge, understanding and confidence to make better decisions about money issues. The Thoresen Review of Generic Financial Advice has set out a blueprint for the national Money Guidance service, which will offer consumers telephone, internet and face-to-face access.

Merthyr Tydfilhas records highest rises per square metre
Welsh town Merthyr Tydfilhas has recorded the biggest increase in house prices per square metre since 2002, according to Halifax Estate Agents. Halifax’s survey showed properties in the Welsh town increased by 203% over the past five years, from £439 in 2002, to £1331 per square metre in 2007.

Men do their DIY duty
In a poll conducted by Halifax Home Insurance, two thirds of men admitted they only do DIY under pressure from their partners or due to a sense of duty. A survey by the insurer revealed 32% of men feel pressured by their partners to carry out DIY projects and 37% of men dislike DIY but feel duty-bound to do it.

Increased interest in online credit checks
Credit reference agency Equifax recorded a 45% increase in online credit checks in January and February. In line with rising interest in keeping tabs on credit records, comparison site Moneysupermarket has issued a to do list to help consumers maintain a good credit score or improve on a fair or poor rating.

France overtakes Spain as buyers look for Alpine homes
Potential property owners looking to buy a chalet should wait until summer when prices drop and choice increases, according to foreign exchange provider HiFX. The latest HiFX Monthly Global Property Hotspots Report has revealed January to March is, unsurprisingly, the busiest time for the ski chalet market.

First-time buyers subject to tightened criteria
Typical first-time buyers were offered lower LTVs and income multiples in January 2008, according to the Council of Mortgage Lenders (CML). Research from the CML found that first-time buyers typically borrowed 88% of a property’s value in January 2008, down from 90% in January and December 2007.

CML identifies equity release opportunities
Research from the Council of Mortgage Lenders (CML) has looked at why the equity release market has developed more slowly in the UK than in the US, Australia and New Zealand. The report examines the current state and future direction of the equity release market in the UK.