As well as providing news and commentary on the investment and currency transfer market in our research section Good Money Guide analysts are available for comment for the national press.
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Below are a few of our recent media comments:
The Sunday Times: I fell for a bike scam on Facebook. Why won’t PayPal refund my £615?
Our research into financial scams on social media was mentioned in the Sunday Times about how scammers on social media are rife and how you can protect yourself.
FT: FCA stops more than 10,000 misleading ads and promotions
According to a Freedom of Information request submitted to the National Fraud Intelligence Bureau by comparison site Good Money Guide, UK consumers lost £75mn to financial scams on social media in one year alone, with a total of 3,597 reports to the police about investment fraud.
Exclusive: UK investors lose £75 million in a year to financial scams on social media
Our report on how UK consumers lost £75 million to financial scams on social media in a year, based on official police data obtained by the Good Money Guide was picked up by over 200 websites and 400 radio stations, including FT Advisor, The Independent, and Which?.
Daily Mail: Autumn Statement Comment ‘It’s time to get Sid investing again’: Hunt plots 80s-style NatWest share sale
Richard Berry, founder of comparison site Good Money Guide, said it was a long time since the Tell Sid campaign and the NatWest sale is unlikely to capture the public imagination in the same way. ‘Times have changed and Sid’s unlikely to be listening,’ he said.
‘The privatisation of British Gas in the 1980s captured the public imagination because, back then, buying shares in an individual company was prohibitively expensive for smaller investors.
‘Nowadays millions of people routinely invest in the stock market, and the average investor is far more sophisticated.’
Private Banker International: Jeremy Hunt’s Autumn Statement: the markets react
Natwest shares currently look like a dog of an investment to me. Although they did go up about 10% after the bank’s spectacular falling out with [Farrage], so if the bank’s board continues to make sensible decisions the shares may be worth a buy.
The Scotsman: Inflation fall offers hope for households, but it may be too early to celebrate
Richard Berry, founder of GoodMoneyGuide.com, said: “These better-than-expected inflation figures are a cause for hope for households, but it’s too early to be celebrating. Tensions around the Israel-Gaza conflict and the ongoing war in Ukraine mean that energy costs are already predicted to be higher in 2024, and it wouldn’t take much for the Middle East tinderbox to ignite and push costs through the roof again.
IFA Magazine: UK inflation falls sharply- the industry reacts to today’s positive news
Richard Berry, founder of GoodMoneyGuide.com, says: “These better-than-expected inflation figures are a cause for hope for households, but it’s too early to be celebrating. “Energy prices have played a major role in bringing inflation down, with the costs of electricity and gas falling by more than a fifth compared to this time last year.
Proactive Investors: SoftBank (ARM & WeWork Comment)
UK IPO valuations tend to be more realistic, and the subsequent market response be less mercurial, perhaps because fund managers here tend to be more wary and less prone to wild optimism than their Wall Street colleagues”
FT.com: Beware the foreign exchange transfers maze
However, comparing quotes is complicated. For example, you could only find out the HSBC rate if you were already a customer. Price comparison sites, such as goodmoneyguide.com or […], compare rates offered by specialist brokers such as Key Currency, AFEX, TorFX and Currencies Direct.
Master Investor Fintech Panel – Talk Title: The Democatisation of Financial Services
Led by Richard Berry, Managing Director at the Good Money Guide, the panel gives an insight into how fintech companies are opening up access to financial services for everyone, and what people should consider when looking at new markets. Panelists include Tim Levene, CEO, Augmentum VC; Rezaah Ahmad, Founder, WiseAlpha; Kirsty Grant, Chief Investment Officer, Seedrs; and Richard Berry.
iNews – US election 2020: FTSE 100 shrugs off American impasse to finish day almost 2% higher
Richard Berry, founder of comparison site goodmoneyguide.com, said: “If there’s one clear loser from America’s headlong rush towards electoral …
Fortune – Who won the election? Putin and Xi, experts say
Unfortunately, they’re sitting in Beijing and Moscow,” Richard Berry, a financial markets commentator at Goodmoneyguide.com, said Wednesday.
Reuters – Investors in the US have a choice between hope and fear
“The‘ blue wave ’of the Democrats crashed on the rock of Donald Trump’s electoral base ommented Richard Berry, founder of the comparison portal Goodmoneyguide.com.
Insurance Insider: FX in a Covid-19 era
It is next to impossible to predict where FX markets are going to go to make money,” says Richard Berry, managing director at Good Money Guide. “But it’s very simple to hedge exposure to protect yourself from losing more money.
Financial Reporter: FCA bans sale of cryptocurrency investments
Richard Berry, founder of goodmoneyguide.com, commented: “Britain’s financial regulator has had cryptocurrencies in its sights for years. Finally it has pulled the trigger. While it’s no misfire, the FCA’s shot is all but certain to miss its mark.
Wealth Briefing: Compliance Corner: Switzerland, FCA Crypto Clampdown
“While it’s no misfire, the FCA’s shot is all but certain to miss its mark,” Richard Berry, founder of goodmoneyguide.com, said. “To be clear, it has not banned cryptocurrencies themselves, but a set of complex and poorly understood derivatives that track unregulated crypto assets.”
Richard Berry, founder of goodmoneyguide.com, said the FCA’s ban falls short of stopping these scammers who target victims through Instagram and cold calls.
The Sun: CRYPTO COINS Bitcoin and cryptocurrency products banned from sale in UK regulator crackdown
Richard Berry, founder of the goodmoneyguide.com, said: “The real danger is not the investments themselves, but the network of scammers and get-rich-quick merchants who peddle them online and through high-pressure cold calls.
The Express: Inflation drops to 0.2 percent but warnings that “more stimulus is needed’ emerge
Richard Berry, the founder of goodmoneyguide.com, also commented on the figures, noting the potential impact on tomorrow’s base rate decision: “For all the eye-catching anomalies – restaurant prices plunging and airfares falling in August for the first time ever – the markets are breathing a sigh of relief.
Business Insider: UK inflation hits lowest level since 2015 after government’s dining-out scheme cuts prices at restaurants
“As a result the Bank of England is unlikely to be bounced into knee-jerk action at this week’s Monetary Policy Committee meeting,” Berry said. “The prospect of business as usual on monetary policy will soothe market nerves and has set UK stocks on course for another strong day.”
Pound Sterling Live: Help Out to Eat Out Sends Inflation Plummeting
“Crucially the biggest downward force on consumer prices – the month-long ‘Eat out to help out’ scheme – has now finished,” says Richard Berry, founder of goodmoneyguide.com. “Nevertheless oil prices remain subdued and hopes that Christmas spending will speed up price growth in coming months remain far from assured.”
‘No one should confuse July’s surge in inflation with a return to rude economic health’, Richard Berry, founder of Good Money Guide said.