A new advice service was launched yesterday to offer help with financial advice. The Money Advice Service is being funded by a levy bank and therefore won’t charge people for help.

People looking for money advice including information on pensions, mortgages and savings can receive a financial health check from the Government funded service. The new advice centre is being back by many banks and financial institutions.

Graham Beale, Chief Executive, Nationwide Building Society said:

“The evolution of CFEB into the Money Advice Service is an important step in promoting a greater understanding of money and financial matters. Nationwide wholly supports this initiative and will play its own role to improve financial education and enable people to better manage their finances”.

The new imitative is part of Money Made Clear and will provide impartial money advice on a wide range of financial issues.

If you need debt help Debt Support Trust is a not for profit charity able to provideĀ debt advice.