Zopa Bank’s Post

Proudly part of the 2025 Fintech Pledge, Snoop is dedicated to helping UK consumers cut the cost of living and strengthen their financial resilience 💪 As such, we're delighted to share the 2025 Fintech Pledge has now achieved more than 15m actions towards its 25 million actions goal!🏅   The Pledge helps UK consumers strengthen their financial resilience by driving unprecedented cross-industry collaboration and connecting consumers to financial technology platforms that:   ➡ make savings work harder, ➡ improve credit scores, ➡ manage and consolidate debts, ➡ lower bills and household outgoing costs, and ➡ determine if they are entitled to benefits and financial aid.   More than 55 businesses have joined the campaign, with seven new companies coming on board this year.   This year, Zopa Bank, ClearScore and The Money Charity also brought on more lead partners, including Money and Pensions Service, Policy in Practice and StepChange Debt Charity to lead the bills, benefits, and debt pillars respectively 🚀   You can find out more about the 2025 Fintech Pledge ➡️ pledge2025.org 

# Only put off until tomorrow what you are willing to die having left undone ## Seize the Momentum: Invest in VersaBank to Maximize Your HSA Growth Opportunity! 💼🚀 In a remarkable turn of events, shares of VersaBank \(VBNK\) reached an impressive 52-week high at $14.22 on Tuesday, settling slightly lower at $13.40 by session's end. What spurred this surge of optimism? It's none other than VersaBank's recent acquisition of Stearns Bank Holdingford N.A. \("SBH"\), a groundbreaking move that has captured investors' attention. On August 30, 2024, VersaBank successfully completed its acquisition of SBH, opening up new avenues for growth and opportunity. This strategic move positions VersaBank to capitalize on synergies and extend its market reach, paving the way for potential long-term success. As a seasoned Investment Advisor, I encourage you to consider taking advantage of this favorable market development. Investing in VersaBank now can enable you to amplify your Health Savings Account \(HSA\) growth potential and secure a brighter financial future for you and your loved ones. Don't let hesitation hold you back! Act now to embrace this empowering opportunity to grow your HSA and safeguard your family's well-being. Join the movement of forward-thinking investors who are leveraging HSAs as a powerful wealth-building tool. #ActToday #InvestWithConfidence #MaximizeYourHSA #EmbraceOpportunity #FinancialSecurity #HSAInvesting #HealthIsWealth 📈💰💪🏼

Happy National Savings Day! Did you know that The Swift Group offers a 6% match on your savings? Plus, there’s no vesting period—meaning your contributions start working for you right away! It’s a great time to invest in your future. Start saving today! #NationalSavingsDay #InvestInYourself #TheSwiftGroup

The 2025 Fintech Pledge, pioneered by ClearScore and Zopa Bank in conjunction with The Money Charity, is a groundbreaking campaign aiming to drive 25 million actions that bolster consumers’ financial resilience by 2025 and Gretel is proud to be part of it. As we face the dual challenges of rising inflation and low levels of financial resilience, initiatives like the 2025 Fintech Pledge are not just helpful – they are essential. By uniting under this pledge, the UK fintech industry is taking a significant step towards empowering consumers and enhancing the financial health of the nation. Let's embrace this opportunity and work together towards a more financially resilient UK. Read more in our latest news https://lnkd.in/e4R9hFJx #fintechpledge

💹 Last year, The Centre for Financial Capability found that 54% of 18–24-year-olds were expected to use Buy Now, Pay Later (BNPL) services within the next 12 months ➡ https://lnkd.in/ebhawQXw We discussed the rise of BNPL in our recent #GenerationDebt event; our data follows the trend, with 41% of our new customers in January 2024 having Buy Now, Pay Later debts. For many young people, Buy Now, Pay Later is their first experience with credit, which could potentially lead to their first serious debt problems. At the event, we reflected on the importance of people getting debt advice from professional debt advisors like us here at MoneyPlus, or debt charity MoneyHelper if they're struggling with managing their money so they’re able to access credit responsibly.

July TSPnow Retiree Fund Brief+++Sfund G+0.39%, F+2.33%, C+1.21%, S+6.23%, I+2.86% Linc+1.04%, L25+1.16%, L30+1.75%, L35+1.89%, L40+2.02% L45+2.14%, L50+2.24%, L55,60,65+2.46%, L70+1.15% "If the economy and prices move in line with our projection, we will continue to raise interest rates," Ueda told reporters. https://lnkd.in/g98AJd9E #retiree #Sfund #ThriftSavingsPlan #TSP

Would you like to use your money to support activities and companies that are being more sustainable and ethical? Maybe when you’re shopping, you look out for Fair Trade, organic and similar certifications? Fantastic – so what about your pensions, savings and investments? It’s Good Money Week running until the 6th October which is the campaign to help people make good money choices by raising awareness of sustainable, responsible and ethical financial options. Did you know that the charity Make My Money Matter estimates that for every £10 in pension schemes, £2 is funding deforestation projects? If you’ve been meaning to find out more about how to align your finances with your personal values, have a read of our latest blog outlining 3 steps you can take to get you on this journey. #ethicalfinance #financialplanning #goodmoneyweek #sustainability  Simon Evans Michelle Morgan Caroline Aistrop https://lnkd.in/e9m6AAWx

A 'cost of living increase' is now the most common reason for debt, cited by one in four (25%) of clients. One in three clients (32%) are in a negative budget. Two in five (42%) clients who pay an energy bill are in arrears. These are some stats from StepChange Debt Charity's 2023 Yearbook. These numbers paint a pretty clear picture, don't they? Financial instability is hitting hard for a lot of customers out there. They highlight the need for financial institutions to step up and put in place strong consumer protections for vulnerable customers, like those laid out in the FCA's Consumer Duty, to ensure the protection of their customers' well-being. #Debt #CostOfLiving #ConsumerProtection #FinancialInstability #ConsumerDuty #FCA

Great overview of the current state of Debt Advice funding and its potential future from Vikki Brownridge, Yvonne Fovargue MP, Francis McGee and Neil Gallimore. Key takeaways: #FairShare is a donation and fewer creditors are contributing It isn't clear the Money and Pensions Service commissioning has grown capacity in the sector. #DebtAdvisors are delaying with people in much more complex circumstances, with more and more people in negative budgets. Some good news with #BreathingSpace and removing fees for DROs, but these positive measures feel piecemeal. A growing share of debt is coming from priority debts (compared to FS / unsecured lending 10+ years ago, more is council and utilities). Responsibility for debt advice is split across half a dozen government departments! #ReimagineDebt Questions from Barclays UK on whether the ~£250m of debt advice funding is going in the right direction. It's a very atomised and complex funding environment which makes it hard to know what works to make sensible investments, and drive positive systemic change.

Simply is 7️⃣ 🥳🥳 A huge thanks to all the customers, brokers and dealers who have trusted us with their funding requirements over the last seven years 🤍 There is still plenty more to come in the Simply Asset Finance story 🚀 🚀 #HappyBirthday #SMEChampion #WeAre7️⃣