Moneyextra.com welcomes comparison site 'code of practice'

October 11th, 2007

Consumer confidence and consumer choice are paramount, says leading online independent financial adviser, Moneyextra.

Moneyextra.com welcomes the Resolution Foundation's recommendation for a voluntary code of practice for online financial services comparison sites. A code of practice would underpin the industry's commitment to providing consumer choice and increase consumer confidence in using sites like Moneyextra.com.

Robin Amlôt, Senior Editor of Moneyextra.com, said, "Moneyextra, which operates Moneyextra.com, is an authorised and regulated independent financial adviser under the Financial Services Authority. As such we are fully committed to the FSA's principle of 'Treating Customers Fairly'.

"We believe that an online code of practice will offer consumers greater confidence in their use of financial comparison sites. We are confident that the quality of our services will more than meet the requirements such a code would include.

"Recent turmoil in the financial markets, the Northern Rock debacle, and issues surrounding consumer debt, underline not only the need for easily-accessible financial services but also demonstrate the importance of increasing consumer understanding and knowledge about financial products.

"Moneyextra is committed to helping consumers understand fully the consequences of their financial decisions and providing them with the knowledge on which to base those financial decisions."

 

For further information, please contact:

Robin Amlôt
Senior Editor, Moneyextra
Tel: 0870 191 5626
public.relations@moneyextra.com

 

NOTES TO EDITORS

Moneyextra.com regularly wins awards - in 2007

• Finalist Customer Focus, National Business Awards Wales/West Country Region
• Finalist Growth Strategy, National Business Awards Wales/West Country Region
• Money Marketing IFA of the Year 2007

Moneyextra.com is one of the UK's longest-established personal finance websites. It has 536,000 unique users and delivers 5.5 million page views every month and has 513,000 registered users.

As at 25th June 2007, Moneyextra.com fea
tured:

• More than 10,000 Mortgages from 126 providers
• 205 Personal Loans from 55 providers
• 211 Credit Cards from 63 providers
• 1,505 Stocks & Shares ISAs from 58 providers
• 173 Cash ISAs from 91 providers
• 123 Current accounts from 36 providers
• 876 Deposit accounts from 149 providers