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UK financial advice service launched | |
(about 4 hours later) | |
A new independent service offering financial advice to UK families has been launched. | A new independent service offering financial advice to UK families has been launched. |
The Money Advice Service will offer guidance over the telephone, through a website or during face-to-face appointments. | The Money Advice Service will offer guidance over the telephone, through a website or during face-to-face appointments. |
It has been funded by a levy on the financial services industry which is collected by the City watchdog. | It has been funded by a levy on the financial services industry which is collected by the City watchdog. |
The scheme replaces the Money Made Clear website which was run by the Consumer Financial Education Body. | The scheme replaces the Money Made Clear website which was run by the Consumer Financial Education Body. |
"We are not here to sell people anything and we will not charge anyone," said Gerard Lemos, chairman of the Money Advice Service. | "We are not here to sell people anything and we will not charge anyone," said Gerard Lemos, chairman of the Money Advice Service. |
"We are here to help people take decisions about their money and plan for a better future for themselves and their families." | "We are here to help people take decisions about their money and plan for a better future for themselves and their families." |
In England and Northern Ireland, the face-to-face service is delivered by public sector contractor A4E, while in Scotland and Wales it is delivered by Citizens Advice Scotland and Citizens Advice Wales respectively. | In England and Northern Ireland, the face-to-face service is delivered by public sector contractor A4E, while in Scotland and Wales it is delivered by Citizens Advice Scotland and Citizens Advice Wales respectively. |
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