News
Government creates new free money advice service
The Government is today launching a new free money advice service to be rolled out around the country.
The Moneymadeclear service includes a helpline, website and face-to-face advice services, delivered through a range of partners such as Citizens Advice Bureaux and Age UK. The cost of the service will be funded by a levy on the financial sector and funds recovered from dormant bank accounts, with the Government meeting part of the cost in the first year.
People will be able to phone up, or talk face-to-face with independent experts - to get free advice on money worries, financial planning, or advice on their rights and actions that they can take if they feel they are not getting a fair deal.
The Government has trialled the service in the North East and the North West since last April, and has helped 500,000 people, including 23,000 who received face-to-face assistance.
