Currently, hardly a day goes by without further reports of the spiralling personal debt problem in the UK, with credit card debt and the "sub prime" mortgage crisis jostling for position. While the figures are certainly alarming it is the personal stories behind them that offers most cause for concern. Personal debt and/or exclusion from independent financial information and guidance can lead to social exclusion, housing problems and legal proceedings.
A4e is involved in a number of financial inclusion programmes, ranging from schemes delivered in communities that demystify financial jargon and help people improve their ‘financial capability ’ through to legal advice and guidance delivered to people who may be at risk of eviction from their homes.
A4e has made a clear commitment to tackling exclusion at source, as well as ensuring that those that are experiencing difficulties can access, ‘free to the user’ impartial information, advice and guidance that will enable them to take steps to address their problems.
A4e welcomed the announcement of the UK’s Generic Financial Advice Strategy, led by Otto Thoresen (Chief Exec of AEGON) and his Review Team at HM Treasury in January 2007. A4e believes that a free, national service has a key role to play in providing guidance and information to improve the ability of consumers in engaging with the financial services sector and to make more informed decisions on what financial products are best for them.
A4e is delighted to be working on behalf of Mr Thorsen and the Review Team to deliver the pilot of this scheme; ensuring that whether someone is changing job, moving house, starting a family or looking for information and guidance on tax and benefits, saving and planning for retirement, as well as budgeting and jargon-busting , they can access a neutral, independent service when and how it suits them.
Running until 17th December in South Yorkshire, Staffordshire and London, MoneyFitness combines phone, web and face-to-face access points to over 5,000 consumers, helping the Review Team determine the most appropriate and cost effective delivery model for providing Generic Financial Advice across the country. The Review will publish its interim report in the Autumn, followed by the full report in 2008.
A4e is involved in a number of financial inclusion programmes, ranging from schemes delivered in communities that demystify financial jargon and help people improve their ‘financial capability ’ through to legal advice and guidance delivered to people who may be at risk of eviction from their homes.
A4e has made a clear commitment to tackling exclusion at source, as well as ensuring that those that are experiencing difficulties can access, ‘free to the user’ impartial information, advice and guidance that will enable them to take steps to address their problems.
A4e welcomed the announcement of the UK’s Generic Financial Advice Strategy, led by Otto Thoresen (Chief Exec of AEGON) and his Review Team at HM Treasury in January 2007. A4e believes that a free, national service has a key role to play in providing guidance and information to improve the ability of consumers in engaging with the financial services sector and to make more informed decisions on what financial products are best for them.
A4e is delighted to be working on behalf of Mr Thorsen and the Review Team to deliver the pilot of this scheme; ensuring that whether someone is changing job, moving house, starting a family or looking for information and guidance on tax and benefits, saving and planning for retirement, as well as budgeting and jargon-busting , they can access a neutral, independent service when and how it suits them.
Running until 17th December in South Yorkshire, Staffordshire and London, MoneyFitness combines phone, web and face-to-face access points to over 5,000 consumers, helping the Review Team determine the most appropriate and cost effective delivery model for providing Generic Financial Advice across the country. The Review will publish its interim report in the Autumn, followed by the full report in 2008.
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