The penny drops
Why is protection insurance so important?

Why is protection insurance so important?

May 4, 2021

From life insurance and income protection to critical illness cover, protection insurance can be a great way to help to protect your financial future or that of your loved ones. But how do we work out what cover is right for us? On this episode Andrea Fox speaks to Kara Gammell, award-winning personal finance journalist and founder of money-saving blog ‘Your Best Friend's Guide to Cash’ to find out everything you need to know.

How can you find more information?
Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website.

You can also find lots of helpful information on protection insurance on the following sites:

Life insurance

Income protection insurance

Critical illness cover

General information and guidance

This episode was recorded in March 2021 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus.

Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

Your guide to mortgages and home buying

Your guide to mortgages and home buying

March 29, 2021

There’s a lot to think about when you buy a property, from mortgages and deposits to homebuying schemes and hidden costs. This month Andrea Fox joins Andy Webb, broadcaster, money expert and founder of personal finance blog Be Clever With Your Cash, to find out everything you need to know.

How can you find more information?
Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

You can also find lots of helpful information on mortgages and home buying on the following sites:

Preparing to buy

HomeOwners Alliance: hoa.org.uk/advice/guides-for-homeowners/i-am-buying/the-hoa-step-by-step-guide-to-buying-a-home

Money Advice Service: moneyadviceservice.org.uk/en/articles/saving-money-for-a-deposit

GOV.UK: gov.uk/lifetime-isa

Money Advice Service: moneyadviceservice.org.uk/en/articles/how-to-improve-your-credit-rating

Homebuying schemes

Help to Buy: helptobuy.gov.uk/help-to-buy-isa/how-does-it-work

Shared Ownership: helptobuy.gov.uk/shared-ownership

Equity Loans: helptobuy.gov.uk/equity-loan/equity-loans

Mortgages 

Money Advice Service: moneyadviceservice.org.uk/en/categories/mortgages

Other housing costs

Royal London: royallondon.com/about-us/members/understanding-your-finances/your-personal-finances/the-hidden-costs-of-buying-a-house

GOV.UK: gov.uk/stamp-duty-land-tax

This episode was recorded in March 2021 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus.

Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

Navigating your career as a woman or parent

Navigating your career as a woman or parent

March 8, 2021

In celebration of International Women’s Day, host Andrea Fox joins working parents and comedy duo The Scummy Mummies, also known as Helen Thorn and Ellie Gibson, and Helen Morrissey, a personal finance expert from Royal London. In this episode, we discuss some of the challenges of being a woman in the workplace, as well as the impact of being a parent on your career and finances.

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

You can also find lots of helpful information on some of the topics discussed on the following sites:

Employment and flexible working

Money Advice Service: www.moneyadviceservice.org.uk/en/categories/work-and-redundancy

Citizens Advice: www.citizensadvice.org.uk/work/rights-at-work/flexible-working/flexible-working-what-is-it

Career planning

National Careers Service: nationalcareers.service.gov.uk

Family financial planning

Royal London: www.royallondon.com/media/good-with-your-money-guides/family-financial-planning

Maternity leave and pay

Money Advice Service: www.moneyadviceservice.org.uk/en/articles/maternity-pay-and-leave

Returning to work

Money Advice Service: www.moneyadviceservice.org.uk/en/articles/know-your-rights-when-you-go-back-to-work-after-having-a-baby

Financial support for parents

GOV.UK: www.gov.uk/browse/childcare-parenting/financial-help-children

Turn2us: www.turn2us.org.uk/Benefit-guides/Beginner-s-Guide-to-Benefits/Checking-benefit-entitlement

This episode was recorded in February 2021 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus.

Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

Protecting yourself against financial scams

Protecting yourself against financial scams

February 8, 2021

Millions of people are affected by financial fraud and scams every year – whether it’s online, over the phone, by post or in person. In this episode, host Andrea Fox speaks to Marilyn Baldwin OBE, founder of Think Jessica, about how we can spot financial scams and protect ourselves from them. Marilyn spent five years trying to help her elderly mother Jessica who fell victim to numerous scammers and set up Think Jessica, an organisation committed to protecting people from financial fraud, shortly after she died.

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

You can also find lots of helpful information on recognising, avoiding and reporting financial scams on the following sites:

General information and support

Think Jessica: www.thinkjessica.com

Take Five: takefive-stopfraud.org.uk

Money Advice Service: www.moneyadviceservice.org.uk/en/categories/scams

Royal London: www.royallondon.com/media/good-with-your-money-guides/avoiding-scams

Preventing postal fraud

Mail Preference Service: www.mpsonline.org.uk

Citizens Advice: www.citizensadvice.org.uk/consumer/post/stop-getting-junk-mail

Preventing telephone fraud

Telephone Preference Service: www.tpsonline.org.uk

Citizens Advice: www.citizensadvice.org.uk/consumer/phone-internet-downloads-or-tv/stop-getting-nuisance-calls-and-texts

Preventing online fraud

Nation Cyber Security Centre: www.ncsc.gov.uk

Reporting a scam

Action Fraud: www.actionfraud.police.uk

This episode was recorded in January 2021 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus.

Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

Getting your financial year off to the right start

Getting your financial year off to the right start

January 10, 2021

Whether you’re one for making resolutions or not, the start of a new year is a good time to take stock of your finances. In this episode, host Andrea Fox joins Georgie Frost, award-winning financial journalist and radio presenter, and Josh Widdicombe, comedian, writer and co-host of Channel 4’s The Last Leg, to talk about the impact of the Covid-19 pandemic, self-employment and managing your finances in uncertain times, and how to set and stick to your money goals in the year ahead.

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

You can also find lots of helpful information on some of the topics discussed in this episode on the following sites:

Saving and budgeting

Money Advice Service: www.moneyadviceservice.org.uk/en/tools/savings-calculator
Citizens Advice: www.citizensadvice.org.uk/debt-and-money/budgeting/budgeting/work-out-your-budget
Royal London: www.royallondon.com/articles-guides/your-money/budgeting

Cutting your bills

Money Advice Service: www.moneyadviceservice.org.uk/en/articles/how-to-save-money-on-household-bills
Energy Saving Trust: energysavingtrust.org.uk/energy-at-home

Paying off debt

StepChange: www.stepchange.org
Citizens Advice: www.citizensadvice.org.uk/debt-and-money/help-with-debt
Royal London: www.royallondon.com/articles-guides/your-money/debt

Managing your finances when you’re self-employed

GOV.UK: www.gov.uk/working-for-yourself
Money Advice Service: www.moneyadviceservice.org.uk/en/categories/self-employment

Coronavirus support

Royal London: www.royallondon.com/coronavirus/your-finances
Money Advice Service: www.moneyadviceservice.org.uk/en/hub/coronavirus-money-guidance

This episode was recorded in December 2020 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus.

Please note that all topics discussed in this episode can vary depending on your personal circumstances. The value of investments can fall as well as rise and you could get back less then you pay in. Any figures quoted were accurate at the time of recording.

Getting through financial hardship

Getting through financial hardship

December 10, 2020

Any one of us can experience financial hardship because of an unexpected life shock. Things like losing a job, becoming ill or losing a loved one can have a huge impact on our finances and our lives. On this episode of ‘The penny drops’ Andrea Fox speaks to Duncan James, singer, actor and TV presenter best known for being part of the boyband Blue, who shares his personal story of financial hardship. Joining him is Jo Kerr, Director of Impact and Innovation at Turn2us, who guides us through the options and support available for people in need.

About Turn2us

Royal London has partnered with national charity Turn2us to help more people prevent a life shock from becoming a crisis. Turn2us helps millions of people in financial hardship each year, supporting them to get access to benefits, grants and support services. You can find out more about their services by visiting the website – www.turn2us.org.uk – or you can call the free helpline on 0808 802 2000 (open 9am – 5pm, Monday – Friday).

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions, if you are able to. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

For more support and information on the topics discussed in this episode, including financial help and guidance and mental health support, visit the following websites: 

Mental health support

Mind
Website: www.mind.org.uk
Telephone: 0300 123 3393

Help with debt

StepChange
Website: www.stepchange.org
Telephone: 0800 138 1111

General financial information and support

Citizens Advice
Website: www.citizensadvice.org.uk
Telephone: 0800 144 8848 (England), 0800 702 2020 (Wales)

Money Advice Service
Website: www.moneyadviceservice.org.uk
Telephone: 0800 138 7777 (England), 0800 138 0555 (Wales)

This episode was recorded remotely in November 2020 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus. Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

Everything you need to know about retirement planning

Everything you need to know about retirement planning

November 23, 2020

What sort of lifestyle do you want in retirement? Are you already taking steps to get there, or do you feel there are more important things to worry about right now? In this episode, our host Andrea Fox joins Sarah Pennells, head of financial capability and guidance at Royal London, for the second time to discuss why retirement planning is so important – covering everything from what you need to think about before you retire, to budgeting in retirement and your options when you reach pension age. To hear more from Sarah, listen to our episode from December 2019 where we go back to basics on pensions.

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

You can also find lots of helpful information on retirement on the following sites:

Saving for retirement

Money Advice Service: www.moneyadviceservice.org.uk/en/categories/saving-for-retirement

Retirement planning

Royal London: www.royallondon.com/articles-guides/learn/pensions-and-retirement/retirement-planning-tools

Retirement Living Standards: www.retirementlivingstandards.org.uk

Which: www.which.co.uk/money/pensions-and-retirement/starting-to-plan-your-retirement/how-to-plan-for-retirement-a9tzg1h766h9

Royal London: www.royallondon.com/articles-guides/your-money/retirement

Pension options

Pension Wise: www.pensionwise.gov.uk/en/pension-pot-options

The Pensions Advisory Service: www.pensionsadvisoryservice.org.uk/about-pensions/retirement-choices

Budgeting in retirement

Money Advice Service: www.moneyadviceservice.org.uk/en/pensions-and-retirement/budgeting

Coronavirus support

Royal London: www.royallondon.com/coronavirus/your-finances

Money Advice Service: www.moneyadviceservice.org.uk/en/hub/coronavirus-money-guidance

This episode was recorded in July 2020 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus.

Please note that all topics discussed in this episode can vary depending on your personal circumstances, and the value of investments can go down as well as up (meaning you could get back less than you pay in). Any figures quoted were accurate at the time of recording.

Why we should all be talking about death

Why we should all be talking about death

October 5, 2020

Death isn’t something we often like to talk about. But it impacts everyone – emotionally, practically and financially – so it’s a topic that we all should all take more time to think about. For some, this year’s coronavirus pandemic may have prompted these thoughts already and now, more than ever, it’s important we talk.

On this episode, Andrea Fox is joined by two special guests, TV presenter and published author Jeff Brazier and photographer and filmmaker Rankin, to have an open conversation about death and how we can all feel more comfortable discussing it.

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

Listen to our podcast on ‘Why planning for death is so important’, released in February 2020, for more information on financially preparing for death. You can also find lots of helpful guidance and support on the following sites:

Making a will

Will Aid: www.willaid.org.uk
Royal London: www.royallondon.com/articles-guides/your-money/making-a-will

Planning a funeral

Money Advice Service: www.moneyadviceservice.org.uk/en/articles/help-paying-for-a-funeral
Citizens Advice: www.citizensadvice.org.uk/family/death-and-wills/funeral-services/arranging-a-funeral
Royal London: www.royallondon.com/articles-guides/learn/bereavement/what-to-do-when-someone-dies/paying-for-a-funeral

Power of attorney

GOV.UK: www.gov.uk/power-of-attorney
Royal London: www.royallondon.com/articles-guides/your-money/power-of-attorney

End of life care

NHS: www.nhs.uk/conditions/end-of-life-care

Bereavement support and benefits

Cruse Bereavement Care: www.cruse.org.uk
Mind: www.mind.org.uk/information-support/guides-to-support-and-services/bereavement
Age UK: www.ageuk.org.uk/information-advice/money-legal/benefits-entitlements/bereavement-benefits

When someone dies

Money Advice Service: www.moneyadviceservice.org.uk/en/categories/when-someone-dies
Citizens Advice: www.citizensadvice.org.uk/family/death-and-wills/what-to-do-after-a-death
Royal London: www.royallondon.com/articles-guides/your-money/when-someone-dies

This podcast was recorded in September 2020 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus

Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

How to make and stick to a budget

How to make and stick to a budget

September 1, 2020

How to make and stick to a budget

When it comes to your personal finances, what does the word ‘budget’ mean to you? And would you know where to start if you had to put one together? In this episode, our host Andrea Fox talks to Kalpana Fitzpatrick, finance editor at Hearst UK for brands like Good Housekeeping, Red and Prima magazine, money expert on the BBC’s Money 101 podcast, and founder of Mummy Money Matters, an award-winning website that helps families with money.

 

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

You can also find lots of helpful information on some of the topics discussed in this episode on the following sites:

 

Budgeting

Money Advice Service: www.moneyadviceservice.org.uk/en/tools/budget-planner

Royal London: www.royallondon.com/articles-guides/your-money/budgeting

 

Bills and expenses

Royal London: www.royallondon.com/articles-guides/your-money/how-to-cut-your-bills

Energy Saving Trust: energysavingtrust.org.uk

 

Debt

StepChange: www.stepchange.org

Royal London: www.royallondon.com/about-us/members/understanding-your-finances/your-personal-finances/prioritising-your-debts

 

Benefits

Turn2Us: benefits-calculator.turn2us.org.uk/AboutYou

Royal London: www.royallondon.com/about-us/members/understanding-your-finances/your-personal-finances/jargon-buster-state-benefits

 

Employment and redundancy

Citizens Advice: www.citizensadvice.org.uk/work/leaving-a-job

Money Advice Service: www.moneyadviceservice.org.uk/en/categories/work-and-redundancy

 

Coronavirus and your finances

Money Advice Service: www.moneyadviceservice.org.uk/en/tools/money-navigator-tool

 

This podcast was recorded remotely in July 2020 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus.

Living, growing and thriving with a disability

Living, growing and thriving with a disability

August 3, 2020

In this episode of 'The penny drops', our host Andrea Fox joins Paralympian Sam Ruddock to talk sports, big ambitions, managing finances as an athlete and living with a disability. Born with a form of cerebral palsy that impacts his flexibility, coordination and balance, Sam has gone on to become a track, field and cycling athlete for Great Britain, and made his international sporting debut at the London 2012 Paralympics.

 

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.

 

You can also find lots of helpful information on some of the topics discussed in this episode on the following sites:

 

Financial support for people with disabilities

GOV.UK: www.gov.uk/financial-help-disabled

Citizens Advice: www.citizensadvice.org.uk/benefits/sick-or-disabled-people-and-carers/benefits-for-people-who-are-sick-or-disabled

NHS: www.nhs.uk/conditions/social-care-and-support-guide/money-work-and-benefits/work-and-disability

Money Advice Service: www.moneyadviceservice.org.uk/en/articles/charitable-grants-for-ill-or-disabled-people

 

Disability charities

Scope: www.scope.org.uk

Disability Grants: www.disability-grants.org

The Disabilities Trust: www.thedtgroup.org

 

Saving, budgeting and money management

Money Advice Service: www.moneyadviceservice.org.uk/en/categories/budgeting-and-managing-money

Royal London: www.royallondon.com/articles-guides/your-money/budgeting

 

Self-employment

GOV.UK: www.gov.uk/working-for-yourself

Money Advice Service: www.moneyadviceservice.org.uk/en/categories/self-employment

Turn2Us: www.turn2us.org.uk/Benefit-guides/Self-employment-and-benefits/Self-employment-and-benefits-Frequently-asked-ques

 

Support for athletes

Sports Aid: www.sportsaid.org.uk

TASS: www.tass.gov.uk

 

This month’s episode was recorded in May 2020 during the coronavirus outbreak. For up to date information on benefits and financial support being offered by the Government, please visit gov.uk/coronavirus.

 

Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

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