Kez Duxbury from Teach Me About Money is joined by Martyn James, an award-winning consumer rights expert, journalist, and broadcaster. They discussed new protections and urgent warnings for consumers, focusing on three major areas:

Savers: The proposed increase to the Financial Services Compensation Scheme (FSCS) limit from £85,000 to £110,000 per person, and the importance of spreading money across different UK-regulated business groups.

Renters: The new Renters' Rights Act, which includes a ban on "no-fault evictions," though full implementation is expected later. They also touched on the complexities of leasehold management companies.

Drivers: The ongoing PCP car finance misselling scandal. Martyn explained the scandal relates to excessive, undisclosed commission paid to brokers. He advised that the FCA is proposing a compensation scheme with an estimated average payout of £700 for approximately 14.2 million people. Crucially, Martyn strongly advised against using claims management companies, urging affected individuals to use the free and simple FCA process for compensation themselves.

About Martyn James

Martyn James is one of the UK's leading consumer rights specialists and champions, with two decades of experience and over 12,000 appearances on television and radio. He is an award-winning journalist and broadcaster who previously served as the head of press for the Financial Ombudsman for 10 years and is a fully trained financial advisor.

Martyn can be found here:
Website: https://martynjamesexpert.co.uk/
YouTube:: https://www.youtube.com/@martynjames
TikTok: https://www.tiktok.com/@martyncjames
LinkedIn: https://uk.linkedin.com/in/martyn-james-b0ba762aa
Instagram: https://www.instagram.com/martyncjames

About Teach Me About Money

Teach Me About Money is on a mission to teach others about the basics of finance. Kez Duxbury started writing his learnings about finance after nearly 10 years of working in the financial services industry after having no introduction to education about money as a child to give his son and everyone else the basics they need to make better financial decisions.

Teach Me About Money can be found here:
TikTok: https://www.tiktok.com/@teachmeaboutmoney
Instagram: https://www.instagram.com/teachmeaboutmoneyuk/
Everything: https://linktr.ee/teachmeaboutmoney

#personalfinance #money #uk #economy

Kez Duxbury from Teach Me About Money is joined by Ian Dempsey, an independent financial adviser and financial influencer known as The Money Man. They discussed the proposed policies at the upcoming Budget, including a cut to the tax-free Cash ISA allowance and changes to income tax and National Insurance, as well as stock market movements in the wake of NVIDIA hitting the $5 trillion market cap value.

Ian Dempsey provides life changing financial advice and coaching. To date, he has managed over £500m in client funds. Ian's content includes a lot of information regarding pension calculations and his client testimonials speak for themselves. Ian won the 2024 family finance award.

Ian can be found here:
TikTok: https://www.tiktok.com/@idthemoneyman
Instagram: https://www.instagram.com/idthemoneyman/
Website: https://themoneyman.org.uk/

Teach Me About Money is on a mission to teach others about the basics of finance. Kez Duxbury started writing his learnings about finance after nearly 10 years of working in the financial services industry after having no introduction to education about money as a child to give his son and everyone else the basics they need to make better financial decisions.

Teach Me About Money can be found here:
TikTok: https://www.tiktok.com/@teachmeaboutmoney
Instagram: https://www.instagram.com/teachmeaboutmoneyuk

#personalfinance #money #uk #economy #stockmarket