It’s Financial Capability Week and, in this episode, we’re talking about improving your financial capability.
Fincap Week is an annual event which takes place in mid-November (this year between 13th and 19th November 2017).
Fincap Week celebrates, showcases and amplifies the work underway to improve financial capability and ultimately to improve financial wellbeing.
The week is organised as part of the Financial Capability Strategy for the UK and aims to get more people talking about money.
In this episode, Andy and I chat about whether we need to think differently about financial capability at different stages of our lives, why financial capability for children is particularly important, how to change financial habits in retirement, and the best resources for improving your financial capability.
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Andy Webb
My co-host for this episode is Andy Webb, founder of Be Clever With Your Cash.
Andy is a blogger, journalist and trainer on all things money and consumer.
Alongside Be Clever With Your Cash, he works two days a week as the senior writer for The Money Advice Service’s blog. Andy also represents the company as a “money expert” on TV, radio and in print.
He’s appeared on BBC Breakfast (BBC One), Rip Off Britain (BBC One), Right on the Money (BBC One), Channel Five News, You and Yours (Radio 4), Newsbeat (Radio 1), Rip Off Britain Food (BBC One) and dozens of local radio stations.
You can follow Andy on Twitter @AndyCleverCash.
Personal finance news
-Old £10 notes are being officially removed from circulation on 1st March next year. The Bank of England has announced the formal end date for the old paper £10 notes, which feature an image of Charles Darwin.
-Price inflation as measured by the Consumer Prices Index remained steady at 3% in the year to October. It’s a five-and-a-half year high for the inflation measure.
-The wealthiest 1% of people in the world increased their share of the world’s wealth to more than half this year. The latest Global Wealth Report from the Credit Suisse Research Institute projects that by 2022 the number of global millionaires will increase by 22% to 44 million.
-The Financial Conduct Authority is taking over the regulation of binary options from January, with a growing number of investment scams linking to these complex products. Binary options are currently regulated by the Gambling Commission, but only if the firm has gambling equipment located in the UK.
-Ahead of the Budget next week, new research from specialist bank Aldermore has found that 22% of recent home buyers would consider moving home if stamp duty was cut for a temporary period. They would consider moving even if they had not been planning to do so beforehand.
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Useful links
–Financial Capability Week 2017
–The Financial Wellbeing Podcast
–The Pensions Advisory Service
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