11 episodes

Confused about your finances? The penny drops podcast is here to help you understand your money and make better informed financial decisions. Presenter and Broadcast Journalist Andrea Fox will be grilling financial experts on your behalf to get the best tips on topics such as savings, pensions, budgeting, debt and retirement. This podcast series is brought to you by Royal London, the UK’s largest mutual life, pensions and investment company.

The penny drops thepennydrops

    • How To
    • 4.9, 24 Ratings

Confused about your finances? The penny drops podcast is here to help you understand your money and make better informed financial decisions. Presenter and Broadcast Journalist Andrea Fox will be grilling financial experts on your behalf to get the best tips on topics such as savings, pensions, budgeting, debt and retirement. This podcast series is brought to you by Royal London, the UK’s largest mutual life, pensions and investment company.

    Living, growing and thriving with a disability

    Living, growing and thriving with a disability

    In this episode of 'The penny drops', our host Andrea Fox joins Paralympian Sam Ruddock to talk sports, big ambitions, managing finances as an athlete and living with a disability. Born with a form of cerebral palsy that impacts his flexibility, coordination and balance, Sam has gone on to become a track, field and cycling athlete for Great Britain, and made his international sporting debut at the London 2012 Paralympics. How can you find more information?Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area. You can also find lots of helpful information on some of the topics discussed in this episode on the following sites: Financial support for people with disabilitiesGOV.UK: www.gov.uk/financial-help-disabledCitizens Advice: www.citizensadvice.org.uk/benefits/sick-or-disabled-people-and-carers/benefits-for-people-who-are-sick-or-disabledNHS: www.nhs.uk/conditions/social-care-and-support-guide/money-work-and-benefits/work-and-disabilityMoney Advice Service: www.moneyadviceservice.org.uk/en/articles/charitable-grants-for-ill-or-disabled-people Disability charitiesScope: www.scope.org.ukDisability Grants: www.disability-grants.orgThe Disabilities Trust: www.thedtgroup.org Saving, budgeting and money management Money Advice Service: www.moneyadviceservice.org.uk/en/categories/budgeting-and-managing-moneyRoyal London: www.royallondon.com/articles-guides/your-money/budgeting Self-employment GOV.UK: www.gov.uk/working-for-yourselfMoney Advice Service: www.moneyadviceservice.org.uk/en/categories/self-employmentTurn2Us: www.turn2us.org.uk/Benefit-guides/Self-employment-and-benefits/Self-employment-and-benefits-Frequently-asked-ques Support for athletesSports Aid: www.sportsaid.org.ukTASS: www.tass.gov.uk This month’s episode was recorded in May 2020 during the coronavirus outbreak. For up to date information on benefits and financial support being offered by the Government, please visit gov.uk/coronavirus. Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

    • 39 min
    How to plan and manage family finances

    How to plan and manage family finances

    In this episode of 'The penny drops', our host Andrea Fox talks family finances with Rich Edwards, one half of the hugely popular Two Dads in London blog, and Becky O’Connor, a Personal Finance Specialist at Royal London. This month we discuss the financial implications of having a family, from planning your first child to growing your family and preparing for the long term.How can you find more information?Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.You can also find lots of helpful information on family finances on the following sites:Planning a familyMoney Advice Service: www.moneyadviceservice.org.uk/en/categories/having-a-babyRoyal London: www.royallondon.com/media/good-with-your-money-guides/family-financial-planningAdoptionAdoption UK: www.adoptionuk.orgGOV.UK: www.gov.uk/child-adoptionSaving and budgetingMoney Advice Service: www.moneyadviceservice.org.uk/en/articles/baby-costs-calculatorTime off work, maternity and paternity leaveGOV.UK: www.gov.uk/browse/working/time-offChildcare costsChildcare Choices: www.childcarechoices.gov.ukMoney Advice Service: www.moneyadviceservice.org.uk/en/articles/childcare-costsGOV.UK: www.gov.uk/help-with-childcare-costs/free-childcare-and-education-for-2-to-4-year-oldsGOV.UK: www.gov.uk/tax-free-childcareBenefitsCitizens Advice: www.citizensadvice.org.uk/benefits/child-benefitMoney Advice Service: www.moneyadviceservice.org.uk/en/articles/benefits-and-entitlements-to-claim-when-you-have-a-babyProtecting your familyRoyal London: www.royallondon.com/articles-guides/your-money/making-a-willMoney Advice Service: www.moneyadviceservice.org.uk/en/categories/life-and-protection-insuranceSaving for your childrenMoney Advice Service: www.moneyadviceservice.org.uk/en/articles/childrens-savings-optionsFamily support charitiesFamily Lives: www.familylives.org.ukFamily Action: www.family-action.org.ukCare for the Family: www.careforthefamily.org.ukThis month’s episode was recorded in May 2020 during the coronavirus outbreak. For up to date information on benefits and financial support being offered by the Government, please visit gov.uk/coronavirus. Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

    • 40 min
    Bonus episode: cricket careers, overcoming challenges and life in lockdown

    Bonus episode: cricket careers, overcoming challenges and life in lockdown

    In this bonus episode of 'The penny drops', recorded as an official part of Royal London’s title sponsorship of One-Day International Cricket, our host Andrea Fox speaks to two English cricket stars.Jonny Bairstow plays domestically for Yorkshire and internationally for England, and was part of the 2019 ICC Cricket World Cup winning team. Also a World Cup winner, Ebony Rainford-Brent – now retired – was captain of the Surrey women’s team and the first black woman to play for the England team.We talk about career highs and lows, lessons learned, challenges overcome, and ambitions and goals for the future, as well as initiatives such as the African Caribbean Engagement Programme, and creating more opportunities for women and children in cricket. Recorded during the coronavirus outbreak, we also discuss how life has changed in lockdown, staying mentally and physically healthy, and at-home training tips for active or aspiring cricketers.This month’s episode was recorded in May 2020, during the coronavirus outbreak. For up-to-date information and guidance offered by the Government, please visit gov.uk/coronavirus.

    • 42 min
    Making ethical choices with your money

    Making ethical choices with your money

    In this episode of 'The penny drops', our host Andrea Fox joins Rob Harrison, founder of Ethical Consumer – a not-for-profit organisation focused on ethical consumption, trade justice and companies’ social, ethical and environmental behaviour. This month we speak about the different ways we can be more ethical and sustainable with our money, from day-to-day spending to financial products.How can you find more information?Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.You can also find lots of helpful information on some of the topics discussed in this episode on the following sites:InsuranceMoney Advice Service: www.moneyadviceservice.org.uk/en/categories/insurancePensionsPensions Advisory Service: www.pensionsadvisoryservice.org.ukSaving and investingMoney Advice Service: www.moneyadviceservice.org.uk/en/categories/saving-and-investingUtilitiesOfgem: www.ofgem.gov.ukSimple Energy Advice: www.simpleenergyadvice.org.ukGeneral informationFriends of the Earth: friendsoftheearth.ukWWF: www.wwf.org.ukEthical Consumer: www.ethicalconsumer.orgEnergy Saving Trust: energysavingtrust.org.ukThis month’s episode was recorded in February 2020, before any Government restrictions were put in place in relation to coronavirus. For up-to-date information on travel and financial support being offered by the Government, please visit gov.uk/coronavirus.Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

    • 42 min
    Money and your mental health

    Money and your mental health

    In this episode of 'The penny drops', our host Andrea Fox talks to fashionpreneur and mental health campaigner George David Hodgson and Brian Semple, Head of External Affairs at the independent charity Money & Mental Health. This month we look at how our finances can affect our mental health, and vice versa, with lots of helpful tips on everything from employee rights to where to go for support.How can you find more information?Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.You can also find lots of helpful information about finances and mental health, some of which are mentioned in this episode, on the following sites:General supportMind: www.mind.org.uk Rethink Mental Illness: www.rethink.org Young Minds: youngminds.org.ukWork and employment Mind: www.mind.org.uk/information-support/legal-rights/discrimination-at-work/telling-my-employer Citizens Advice: www.citizensadvice.org.uk/work/rights-at-work/sick-pay/getting-money-when-youre-off-work-sickDebt Citizens Advice: www.citizensadvice.org.uk/debt-and-money StepChange Debt Charity:www.stepchange.orgHealth services and support groups Mind: www.mind.org.uk/about-us/local-minds/local-minds NHS, GP Services: www.nhs.uk/using-the-nhs/nhs-services/gps NHS, Mental Health and Wellbeing: www.nhs.uk/conditions/stress-anxiety-depressionUrgent helpIf you need to speak to someone, you can call the Samaritans anytime, day or night, on 116 123.This month’s episode was recorded in February 2020, before any Government restrictions were put in place in relation to coronavirus. For more information on the new measures and financial support being offered by the Government, please visit gov.uk/coronavirus.Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

    • 45 min
    Staying motivated and determined

    Staying motivated and determined

    Determination and motivation is something we can all struggle with, whether it's to do with our work, health, personal life or our finances. In this episode of 'The penny drops', our host Andrea Fox joins Mikael Lawal to talk about his journey from poverty to professional boxing, and how he’s managed personal and financial struggles along the way.How can you find more information?Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.You can also find lots of helpful information about the topics discussed in this episode on the following sites:Self-employmentGOV.UK: www.gov.uk/working-for-yourselfMoney Advice Service: www.moneyadviceservice.org.uk/en/categories/self-employmentBudgeting and savingMoney Advice Service: www.moneyadviceservice.org.uk/en/articles/beginners-guide-to-managing-your-moneyMoney worriesCitizens Advice: www.citizensadvice.org.uk/debt-and-moneyNational Debtline: www.nationaldebtline.org StepChange Debt Charity: www.stepchange.orgMental health supportMind: www.mind.org.ukNHS: www.nhs.uk/conditions/stress-anxiety-depression/mental-health-helplines Please note that all topics discussed in this episode can vary depending on your personal circumstances, and savings and investments can go up and down.This episode was recorded in January 2020 before the release of any UK Government guidance or restrictions put in place in relation to coronavirus. Any figures quoted were accurate at the time of recording.

    • 27 min

Customer Reviews

4.9 out of 5
24 Ratings

24 Ratings

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Basic information

Helpful but basic information. Worth listening to for someone in the early stages of considering a loan, buying a house, saving etc. Useful tips to manage your budget and plan for the future. I like how they use simple language that doesn’t over complicate what they are taking about. Slightly patronising sounding at times but I think it is ultimately based at people with little to no knowledge and it can be hard to find this advice displayed in a clear and simple way. This podcast does the job

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