An amazing night was had at the East London Community Heroes Awards. Thank you to Rotary Stratford and Rotary International for hosting such a fantastic event and to all the community organisations that continue to support and uplift Newham. Congratulations to all the winners and those shortlisted! We want to express our deep appreciation to Rotary Stratford for recognizing the incredible work of all the organisations working on the ground in the community. We are extremely proud to have been shortlisted for our outstanding initiative in business community partnerships and for winning the Outstanding Initiative in Social Enterprise award. #eastlondoncommunityherosawards
About us
Money a+e is a social enterprise organisation. We believe that lives are transformed through a greater understanding of money issues. We are committed to increasing awareness and creating positive change through money education and advice. Our mission is to empower individuals by providing simple, accessible, independent and effective money education and advice across the U.K. Our aims are to help prevent and resolve money issues by: Increasing awareness through education and advice Seeking out; developing and promoting innovative solutions Researching; evaluating and commenting on social money issues Creating positive change by providing a platform for the public voice Building partnerships and networks with like minded organisations and Government bodies
- Website
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http://www.moneyaande.co.uk
External link for Money A+E
- Industry
- Information Services
- Company size
- 11-50 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2011
- Specialties
- Money a+e free website and Bi - monthly newsletter
Locations
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Primary
Get directions
London, GB
Employees at Money A+E
Updates
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Continue the great work, we're making such a difference!
Over the last 2 years, with The Ubele Initiative and The London Community Foundation on behalf of JP Morgan Chase, we have supported 19 inspiring minority-led orgs in London providing employment, enterprise & financial health services to our communities. 🖤 💪 ACCOUNT3 LTD. ADVICE SUPPORT KNOWLEDGE INFORMATION Aishah Help Anti-Tribalism Movement Elevating Success Uk GOLDEN OPPORTUNITY SKILLS AND DEVELOPMENT LIMITED Iconic Steps Film Academy Money A+E Newark Youth London OLMEC PLIAS RESETTLEMENT LTD POSITIVE EMPLOYMENT JOB BROKERAGE Skills & Training Network Skills Enterprise The Bangladesh Youth Movement Urban MBA You Press Youth Family and Community Connections Youth League UK Read our reflections from our final #Pathways2Economic Opportunities workshop to find out more about learnings from the programme, and discover more about the organisational support delivered: https://lnkd.in/dNqpTakG
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Thanks for the ongoing partnership! We're proud to be part of such an important initiative supporting Londoners! 💚
New Evaluation report! The Advice in Community Settings grant programme, funded by Greater London Authority has been released this week! The programme works with organisations that are already embedded and trusted within communities to help to widen access for individuals who might not reach traditional advice services. In its second year, it demonstrates strong support for the continuation of the model to ensure many more community organisations can readily access high quality advice services. Working with delivery partners and the GLA, in collaboration with Mime and Wavehill: social and economic research we are pleased to share the impact evaluation of Years 1 and 2 of the programme. Key points to highlight ⭐️ The positive effects of the programme on advice-seekers' incomes, health, wellbeing, and confidence managing money. ⭐️ The proportion of the advice seekers seeking support with debt has steadily risen over the last year - with year one being as low as 3.6% to 32.9% at the end of year 2. ⭐️A community-based model is reaching individuals who may not typically access advice services, with 61% of those supported being first-time advice-seekers. ⭐️ In contrast to the London offices of Citizens Advice, the programme has shown effectiveness in engaging women of Black or Black British backgrounds and of working age (between the ages of 25 and 44). ⭐️Overall, the programme has supported individuals from 7,336 households, that is at least 13,570 individuals across London. Read the full report https://lnkd.in/e6Jb75Xh Also, we are thrilled to be one of the partnerships funded for a third year for our pan-London partnership with Money A+E We're proud to be a part of this important work and look forward to continuing to provide Londoners with a service that makes a difference to their lives and financial wellbeing. Thank you Greater London Authority 👏🏽🙏🏼#CommunityAdvice #Impact #Evaluation #MakingADifference #debtadvice #money #health #welfare #holisticapproach
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We are excited to get the ball rolling! Raising awareness about structural discrimination in the financial sector is just the beginning. We will share our calls to action with you soon.
It’s infuriating to see the latest Citizens Advice research - released yesterday - which not only confirms that Black and Minority communities are *still* being charged more for #carinsurance than their white counterparts, but that this 'additional' cost has risen from £250 to £307 😤 This issue was first raised by Citizens Advice in 2022, so very well done to them in persisting. 👏🏽 Link to the latest research is in comments. It’ll be no surprise to most of you that it's not just the insurance sector 😐 There is increasing evidence of an ‘ethnicity premium’ on financial products and services: the direct and indirect additional costs for people from diverse ethnic communities, especially those on low incomes. The #ethnicitypremium is both a symptom and a driver of structural racism, with power being wielded through discriminatory access and pricing. It contributes to 2.5 times as many people from diverse ethnic communities living in poverty as white people. And it's getting worse, not better. If we want a fairer and more inclusive economy, there MUST be radical system change within the financial services industry to engender greater economic and racial justice. At Rooted Finance, working in partnership with Money A+E, we are working diligently with our communities and building an alliance of lived experts, industry, regulatory, and strategic partners to help deliver an evidence-based campaign to challenge this inequality. Our aim is to expose and dismantle the #ethnicitypremium and work towards Racial Justice in our financial services industry. We welcome all those who want to join us, as clearly (and the evidence shows), it's neither right nor fair!! We are grateful to be funded by Esmée Fairbairn Foundation and Trust for London for this very important work. #racialjustice #equity #economicjustice #EthnicityPremium Emma Triggs Jeremond (Jerry) During - MBE , FRSA Gregory Ashby MBE Ugo Ikokwu Heather S.
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Highlighting the importance of access to financial education within diverse ethnic communities and why we must continue to talk about The Ethnicity Premium! Thank you for sharing!
It’s infuriating to see the latest Citizens Advice research - released yesterday - which not only confirms that Black and Minority communities are *still* being charged more for #carinsurance than their white counterparts, but that this 'additional' cost has risen from £250 to £307 😤 This issue was first raised by Citizens Advice in 2022, so very well done to them in persisting. 👏🏽 Link to the latest research is in comments. It’ll be no surprise to most of you that it's not just the insurance sector 😐 There is increasing evidence of an ‘ethnicity premium’ on financial products and services: the direct and indirect additional costs for people from diverse ethnic communities, especially those on low incomes. The #ethnicitypremium is both a symptom and a driver of structural racism, with power being wielded through discriminatory access and pricing. It contributes to 2.5 times as many people from diverse ethnic communities living in poverty as white people. And it's getting worse, not better. If we want a fairer and more inclusive economy, there MUST be radical system change within the financial services industry to engender greater economic and racial justice. At Rooted Finance, working in partnership with Money A+E, we are working diligently with our communities and building an alliance of lived experts, industry, regulatory, and strategic partners to help deliver an evidence-based campaign to challenge this inequality. Our aim is to expose and dismantle the #ethnicitypremium and work towards Racial Justice in our financial services industry. We welcome all those who want to join us, as clearly (and the evidence shows), it's neither right nor fair!! We are grateful to be funded by Esmée Fairbairn Foundation and Trust for London for this very important work. #racialjustice #equity #economicjustice #EthnicityPremium Emma Triggs Jeremond (Jerry) During - MBE , FRSA Gregory Ashby MBE Ugo Ikokwu Heather S.
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Money A+E reposted this
Some of the banks are being told they're not paying enough interest on #savings. Of not passing on the base rate increase to their customers. What if there was another issue at play here? An issue of who is accessing those savings rates. Right now savings rates are higher than they have been for many years. The best fixed term savers are offering up to 6.1%. So it’s a really important opportunity to build wealth and become financially resilient. But people from Diverse Ethnic Communities generally have much lower levels of savings than their white British peers. For every £1 of wealth held by white British households, Pakistani households hold around 50p - and black African and Bangladeshi households, approximately 10p.* The reasons behind that #inequality are complex, but at Money A+E we don’t think it is acceptable or inevitable. And we’re taking action. We're delivering accessible, culturally competent financial education, because it is a powerful tool in closing the savings gap. Our Education Team have been spreading the word about the higher savings rates and why it’s important to take advantage. They've been sharing savings strategies in our workshops, and the power of getting started. Even 1p per day is a powerful habit, that can grow into 10p per day, £1 per day – and that’s even before interest is added on top. Frederick, our Head of Education, puts it like this: ‘Financial literacy develops certain habits, it makes you aware. Many of the people that we see don’t know about certain products that could help them. Being able to make those things visible for them is very important. With the right support, we see people save £100s, £1,000s.’ ------------------------ At Money A+E we target our support to Diverse Ethnic Communities, disadvantaged groups and young people. Our workshops have reached 1,000s of people with life-changing financial education. We deliver to adults in the community and young people in schools. Contact us to learn more about our service or partnerships. #ethnicitypremium #financialresilience #financialinclusion #equality #inclusion #diversityandinclusion #finance *Source: Runnymede Trust, ‘The Colour of Money’
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A report by the Pathway to Work Commission suggests integrating health services into job centres to help about 3 million economically inactive people in the UK, primarily those with long-term health issues, return to work. It criticizes the current benefits system for relying too much on sanctions and calls for personalized, health-focused support, with a central role for local NHS integrated care boards. We want to highlight that the effectiveness of personalized support could vary, and there might be inconsistencies in the quality and availability of services across different regions. What could this look like for people from marginalised communities? The diverse needs of economically inactive individuals, especially those from marginalized communities, may not be adequately addressed if a one-size-fits-all approach is adopted. Let’s start the conversation off by discussing how these risks can be mitigated. It would be ideal if this process were co-designed with people who have lived experience of long-term health issues and economic inactivity. What do you suggest? Read full article here: https://bit.ly/3Yd6kch
Integrate NHS services and job centres to get more people working, report says
theguardian.com
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Great work!
Great News for AdviceUK Members! AdviceUK is extending the free trial of @Trustfolio’s Debt Adviser Support Portal until 2025. This integration with AdvicePro offers instant access to client credit reports, significantly enhancing service speed and quality. Key Features: Instant Credit Reports Ease of Use Insolvency Practitioners Panel For more information, read more: https://bit.ly/4bQORJU #DebtAdvice #ClientExperience #Trustfolio #AdviceUK
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Great work!
This past weekend, I had the privilege of attending another DataKindUK Data Dive. It was a wonderful experience meeting and learning from so many kind and knowledgeable individuals. Contributing to a charity's mission by uncovering valuable insights was incredibly fulfilling. Thank you to DataKind UK for organizing yet another successful event!
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Passionate about unlocking potential, addressing inequality and supporting social ventures to achieve their objectives. CEO at DataKind UK & Trustee at ACEVO
And we’re off! So excited to see what comes out of this weekend’s DataKind UK DataDive. An incredible turn out of probono data specialists working alongside some fantastic charities and the levels of engagement and enthusiasm are inspiring. Massive thanks to Monzo Bank for hosting and feeding us!
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