In a society where rising debt is an increasing concern, it is important that everybody understands both their finances and what financial advice is available to help them. The following pages are intended to give basic guidance to all Royal Navy members and their families on where financial information and advice can be obtained.
Need help with budgeting your finances?
The information in this section is provided as a self-help guide on managing your own finances. It deals with such issues as planning and keeping a budget, and how to handle credit.
Web site: Consumer Credit Counselling Service Budget Advice
Web site: Financial Planning
Web site: Financial Planning Quiz
Web site: Personal Budget Calculator
When things start to go wrong
Starting to lose control of your finances? The information below is provided to help deal with personal debt, and gives practical steps to help regain control of your financial situation.
Web site: Dealing with Personal Debt
Web site: CCCS Debtcheck
Web site: National Debtline
Web site: FCL Debt Advice
If you feel that gambling is a major cause of your financial problems then contact Gamblers anonymous below for advice and support plus a 24 hour Help Line number.
Web site: Gamblers Anonymous
What about Insurances?
Insurance, whether it is for your possessions, to provide for unexpected death, or for a long-term investment, can be a sound proposition. However, it is important that you take out the right policy for you. Listed below are organisations, which can either give you advice on the suitability of your policy or are MOD approved providers.
Web site: Service Insurance and Investment Advisory Panel (SIIAP)
Web site: Armed Forces Financial Advisory Service (AFFAS)
Web site: Personal Accident Insurance (PAX)
Web site: Service Life Insurance
Need some Consumer Advice?
This Section is provided to give you some general advice on those consumer issues, which cause the most concerns, such as food, holidays, cars, house-improvements, money and finance.
Web site: The Consumer Direct
Web site: FSA booklets and Factsheets
White Ensign Association (Officers, Ratings and Families)
Set up over forty years ago by Lord Mountbatten to provide help and advice to all RN/RM and RNR/RMR personnel and their families. It is a source of free and unbiased help on all matters of personal finance. Should you have concerns over savings, investments, loans, pensions, house purchase or debt you should feel free to discuss your problems with someone from the Association. They are not in the business of selling anything. They are a charity dedicated to providing advice and help on many of the matters that come out of running a home and family.
Phone: 020 7407 8658 | Mil: 9621 81945
Further Help and Advice
More Information: Charities and Funds
More Information: NPFS and RM Welfare