New Goverment backed financial heathcheck service

A govenment backed financial halthcheck service has been launched to provide UK consumers with a financial   healthcheck within 10 minutes that covers all their savings, debts and housing costs.

The government-backed Money Advice Service,is funded by a levy on the financial services industry, with  the system being free to use and offering unbiased advice.

The money advice healthcheck is based around a series of multiple choice questions on personal budgets and then produces an action plan and offers links to advice groups.

The Money Advice Service believes that millions of people are worried about their day-to-day budget and need directions on where to turn for help.

“This is the money-equivalent of a reliable sat-nav. We help people to see where they are now, and then we help them get from A to B by the best route for them,” said Gerard Lemos, chairman of the Money Advice Service.

“Our new online healthcheck is designed with your attitudes to money and your aspirations for life in mind. In less than 10 minutes the healthcheck identifies the top three things you and your family can do to make the most of your money right now, and to plan for future goals.”

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