How money.co.uk Leverages Transparency to Create Competition and Save Britons Money on Financial Products

In a Nutshell: When it comes to choosing a home mortgage, credit card, or any other consumer financial product, it’s easy to feel overwhelmed. Not only are the terms and details sometimes difficult to comprehend, but the sheer number of choices available make the selection process even more complicated. For Britons feeling overwhelmed by options, there’s money.co.uk, a free online comparison site for virtually every available financial product. Its in-house team of experts are authorities in their respective categories and offer in-depth product comparisons that aim to add clarity to the complicated world of personal finance.

As consumers, we are practically drowning in choices. Whether shopping for cough medicine or a new pair of shoes, the sheer number of options available to us is bewildering, and making a decision can feel like a chore.

However, choosing the wrong medicine or pair of shoes isn’t really that big of an issue. At worst, you may be walking around with a slight cough while wearing ill-fitting footwear. But what about shopping for a new credit card? Or a home mortgage? These financial products come in nearly as many options as common consumer goods. But making the wrong decision on a financial product can result in a host of more serious problems — the consequences for which can be long-lasting and expensive.

When it comes to making the best decision on a financial product, consumers need a way to vet a company’s claims and offers — a way to see through the smoke and develop a working understanding of exactly what is being offered and at what terms. Besides, it’s our money at stake, and we deserve informed, objective information.

Financial comparison sites, like money.co.uk, bring added transparency to the marketplace. From savings accounts to pet insurance, Britons who want to know the best options to suit their financial needs can turn to money.co.uk for assistance.

“We compare financial products in the UK to help our users find the right products for them,” said Laura Rettie, Public Relations Manager at money.co.uk. “It doesn’t necessarily mean that they’re the cheapest options available, it just means that we can help our users find the products that suit each person’s individual needs.”

Regulated by UK’s Financial Conduct Authority (FCA), money.co.uk employs a team of professionals who are committed to the site’s mission of helping Britons make financial decisions as easy as possible, regardless of their financial standing.

Regardless of the kind of financial product you’re interested in, money.co.uk makes it fast and simple to find what you’re looking for.

For example, if you want to apply for a new credit card, money.co.uk categorizes card comparisons by your intended purpose. If you want to transfer a balance, build your credit, or simply want a well-rounded, everyday card to make online purchases, money.co.uk allows you to search and compare within those parameters to easily find a card that is right for you. You can also group cards by most popular, air miles, business cards, and cards without foreign transaction fees.

Choosing the right car insurance to suit your age, gender, and income can also be a laborious task. Again, money.co.uk makes it simple to find the car insurance that suits your needs by allowing you to filter your search with many different criteria in place. Choose comparisons based on your driving record, whether you want to drive on the European continent, or drive a taxi or minibus — the list of specifications goes on and on.

Laura Rettie, Public Relations Manager at money.co.uk

“We are constantly on the lookout for new products and services that come onto the market,” Rettie said. “Our dedicated team keeps our website current with helpful articles and free guides, which explain any new products in a way that’s easy to understand. We try to avoid complicated financial jargon in our guides because we want them to be genuinely helpful for our users and help them to make informed financial decisions.”

The site also ensures that each product it features on its site plays by the rules.

“Due diligence is a big part of what we do here,” Rettie said. “We thoroughly vet companies who want to appear on our website to make sure they are upholding the standards put in place by the FCA. Everyone on our website goes through a strict process to ensure that they are adhering to all policies. We’re dedicated to making things in the financial industry accessible and transparent.”

money.co.uk has been helping UK residents make smarter choices on financial products since 2008, but what about the people behind money.co.uk?

A great deal goes into a company’s culture. Sure, the employees are the foundation, but the physical space those people work in each day also plays a part in the quality and level of commitment to the work. That said, the people behind money.co.uk have probably the coolest work space we’ve ever come across.

The headquarters for money.co.uk is located inside the old Cecily Hill Barracks, known colloquially as “The Castle.” The structure was originally built in 1857 as the Royal North Gloucestershire Militia Armoury and has served many different purposes since, including playing host to the people behind money.co.uk.

A day at the office for the money.co.uk crew means spending time in a modernized castle in Cirencester.

The rustic exterior belies the sleek, ultra-modern, but tastefully playful interior. It’s truly something that must be seen to be fully appreciated. However, Founder and Managing Director Chris Morling did not invest £3 million in updates and restoration to simply have a smart-looking office space.

“Chris believes that by creating a great, physical place to work, you create a happy team, and he wants to give us the tools to succeed. And one of the principal ways he’s done that is by investing in this amazing place,” Rettie said. “Everyone who works here is genuinely happy. Chris says your team is your engine. If you have a happy team, they will look after your customers.

“Chris leads by example — he has a lot of fun and has a great deal of passion and drive. That certainly rubs off on us. It’s an amazing place to work.”

Modern life can be overwhelming enough as it is without having to agonize over which financial products to choose. Not everyone can afford financial advisors or accountants, but that shouldn’t mean they’re left to their own devices when making financial decisions.

money.co.uk provides well-vetted resources for anyone with a little bit of time and an internet connection. One look at the site’s reviews, and it’s easy to see how helpful these comparison tools really are. The world of personal finance can be confusing. However, thanks to comparison sites, like money.co.uk, we can all benefit from added guidance when looking toward our financial futures.