Munnypot

Munnypot is aiming firstly to address the financial advice gap affecting 16 million people across Britain. As of May 2015, 47% of consumers had not received any form of financial advice within the last three years. Yet research suggests that the demand is there, as up to 5.4 million extra people would consider paying for advice if it cost less. Good financial advice is needed because 57% of UK working adults have less than one month of income saved. It is widely believed that the lack of clear and affordable advice may be largely to blame. Munnypot combines the latest robo-advice technology with human expertise to learn about your financial situation, set financial goals, invest your money, and keep you posted on performance. Capital is at risk. Munnypot is a trading name of i-saver Global Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by The Financial Conduct Authority. FRN 574048. Other sources: 1Financial Advice Market Review: final report, FCA, 2016 (https://www.fca.org.uk/publication/corporate/famr-final-report.pdf) 2 Mintel, Consumers and financial advice, May 2015 (http://store.mintel.com/consumers-and-financial-advice-uk-may-2015?cookie_test=true) 3 Citizens Advice Bureau, The four advice gaps, October 2015 (www.citizensadvice.org.uk/about-us/policy/policy-research-topics/debt-and-money-policy-research/the-four-advice-gaps/) 4 Money Advice Service (https://www.moneyadviceservice.org.uk/blog/what-s-your-reason-for-saving)