Government's Moneymadeclear service offers financial advice for free
Your support helps us to tell the story
This election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story.
The Independent is trusted by 27 million Americans from across the entire political spectrum every month. Unlike many other quality news outlets, we choose not to lock you out of our reporting and analysis with paywalls. But quality journalism must still be paid for.
Help us keep bring these critical stories to light. Your support makes all the difference.
A free financial advice service has been launched by the Government. Called Moneymadeclear, it offers a telephone helpline, website and face-to-face sessions with independent financial experts. The service will cost around £20m in the first year and is being jointly funded by the Government and the Financial Services Authority. In future years it will be paid for by taking up to £100m from dormant bank accounts, as announced in last year's pre-Budget report.
"Moneymadeclear is free, impartial advice for all, whether you are unsure about the small print in a mortgage form, want advice about opening a savings account for your children or grandchildren, or you want some help dealing with repayments before they get out of hand," says the Chancellor, Alistair Darling. "This service will provide much-needed advice for one million people across the UK in the coming year alone."
The service has been in operation in a trial version in the North of England, where some 500,000 people were helped, officials said.
Under the service, people can get face-to-face advice in offices of organisations such as Citizens Advice Bureaux and Age Concern and Help the Aged. There's also a The Moneymadeclear website at moneymadeclear.fsa.gov.uk and a helpline on 0300 500 500.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments