View more on these topics

Money Guidance pathfinder scheme to launch in the North

The Government has unveiled the £12m roll out of the Money Guidance pathfinder programme in the North of England as part of its Financial Capability Action Plan.

The Action Plan, launched today, includes a £12m programme starting early next year, to deliver free advice on budgeting and money management to households in the North East and North West of England, following the recommendations for Money Guidance in the Thoresen Review.

The Action Plan will also include financial education in schools with an £11.5m programme over three years to improve children’s financial capability and a £16m FSA programme called Learning Money Matters, which is also directed at children.

There will also be greater promotion of the Financial Services Authority’s MoneyMadeClear consumer website and helpline so that it becomes a one-stop-shop for financial help.

Chief secretary to the Treasury Yvette Cooper MP says: “We need to make it much easier for people to get access to information, help and advice
“The Government is also determined to do more to create an environment where people get personal finance education and information from the start of their lives to the end; helping them with money problems and supporting them at key points in their lives, for example moving into higher or further education, having a baby, or planning their retirement.”

FSA chief executive Hector Sants says: “We are delighted that together with our partners in the Treasury we are able to announce our chosen regions for the money guidance pathfinder, as well as new plans to extend our information campaign to benefit the many people who may be struggling with their finances in these tougher times.

He adds: “In partnership with the Government, we want to develop money guidance to help consumers to be able to make sound money choices, to know what questions to ask of their financial service provider, and, just as importantly, to have the confidence to do so and to know where to go if things go wrong.”


FSA alerts firms on boiler rooms

The FSA and Institute of Chartered Secretaries and Administrators Registrars Group have urged UKlisted companies to send warnings about boiler room operations to shareholders.

Turner vows to review TCF

Incoming FSA chairman Lord Adair Turner has pledged to scrutinise the effectiveness of treating customers fairly.

Careful what you wish for

With its excessive highs and severe lows, the mortgage market truly is the financial services equivalent of extreme sports. The latest Bank of England figures show that the number of people arranging a mortgage to buy a home has fallen to its lowest level since official records began but you do not have to look back far to sample significant highs and lows.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm