Providers of Financial Information and Guidance

Question 1

Citizens Advice

Answer 1

An organisation, run by charities, that offer advice on a wide range of issues both financial and non-financial

Question 2

Independent Financial Advisor (IFA)

Answer 2

Professionals who offer independent advice to their clients on financial matters e.g. savings, mortgages and investments

Question 3

Price Comparison Sites

Answer 3

Websites that collate prices for similar goods and services within an industry, allowing consumers to select the best deals

Question 4

Money Advice Service

Answer 4

A government organisation set up to offer free and impartial financial advice in the UK

Question 5

Debt Counsellors

Answer 5

A professional who offers independent advice on how best to manage debt

Question 6

Individual Voluntary Arrangements (IVAs) Bankruptcy

Answer 6

A government organisation that allows an individual to declare themselves bankrupt while agreeing to pay all or part of the money they owe to creditors