Government money service proves popular - Money - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Government money service proves popular

Government money service proves popular

Category: Money

Updated: 15/08/2012
First Published: 15/08/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

A free and independent financial advice service launched by the Government attracted 1.3 million users within it first year of operating.

The Money Advice Service provides online, telephone and face-to-face information, education and advice on a variety of topics, including debt and money management to those unable to pay for financial advice.

Set up as part of the Government's drive to provide confidence and financial education, the success of the service suggests more people are taking control of their finances by seeking advice and tackling money worries.

The service's health check facility helped over half a million people to assess their financial situations over the past year, with over half resulting in a positive action plan.

Advisers dealt with 84,000 calls over the past year from people seeking assistance with their finances, with over 70,000 taking part in face-to-face advice sessions.

Nine out of ten users said that they would use the service again in the future if they suffered financial problems or concerns.

Find the Best Debt Solution for you - Compare Debt Solutions

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Have your financial habits changed?

2016 was certainly a turbulent year, and it's had a notable impact on household finances. Indeed, research shows that recent events have influenced the way over half of UK respondents manage their finances, with many becoming more cautious.

Kids got £180 in pocket money in 2016

New research has revealed that kids aged 4-14 received an average of £180.44 in pocket money over the last year, which was topped up by an additional £47 on average received in cash over the Christmas period.

How much could it cost to get fit in 2017?

We’re almost a week into 2017, and hopefully, many of those New Year’s Resolutions are still going strong. Figures suggest that the most popular resolution is to achieve a healthier lifestyle, but just how much could that ambition set you back?
 
Close