26 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

    • Education
    • 4.9 • 32 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.

    Popular money questions answered

    Popular money questions answered

    In the first ever episode of 'The penny drops', our host Andrea Fox speaks to TV and radio presenter, author, stand-up comedian and founder of self-help money website MoneyMagpie, Jasmine Birtles. We’re kicking off the podcast series with a look at the UK’s most asked money questions.  

    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 general financial information on the following sites:  

    Money Advice Service
    Website: www.moneyadviceservice.org.uk
    Telephone: 0800 138 7777  

    Citizen’s Advice
    Website: www.citizensadvice.org.uk
    Telephone: 03444 111 444  

    Money Advice Trust
    Website: www.moneyadvicetrust.org
    Telephone: 0808 808 4000  

    Please note that all topics discussed in this episode can vary depending on your personal circumstances and investments can go down as well as up, meaning you could get back less than you invest. Tax relief could also change and depends on individual circumstances (read the Which! guide on tax reliefs for more information). Any figures quoted were accurate at the time of recording (October 2019).

    • 32 min
    Let's talk about pensions

    Let's talk about pensions

    In this month’s episode of 'The penny drops', our host Andrea Fox speaks to Sarah Pennells, money expert, author and creator of the UK's leading women’s money website SavvyWoman. Covering everything from contributions to taxes, we’re going back to basics on pensions.  

    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 pensions and retirement on the following sites:  

    Pensions Advisory Service
    Website: www.pensionsadvisoryservice.org.uk
    Telephone: 0800 011 3797  

    Pension Wise
    Website: www.pensionwise.gov.uk
    Telephone: 0800 138 3944   

    Age UK
    Website: www.ageuk.org.uk/information-advice/money-legal/pensions
    Telephone: 0800 055 6112  

    Money Advice Service
    Website: www.moneyadviceservice.org.uk/en/categories/pensions-and-retirement
    Telephone: 0800 138 7777  

    And you can read more about the difference between men and women’s pensions in this report from the Chartered Insurance Institute.  

    Please note that all topics discussed in this episode can vary depending on your personal circumstances, and the value of your pension investments can go down as well as up. Tax relief could also change and depends on individual circumstances (read the Which! guide on tax reliefs for more information). Any figures quoted were accurate at the time of recording (October 2019).

    • 33 min
    How to save without noticing

    How to save without noticing

    In this episode of 'The penny drops', our host Andrea Fox talks to personal finance journalist and savings whizz Emma Lunn. This month we're finding out everything you need to know about how to save money.

    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 saving on the following sites:

    Money Advice Service
    Website: www.moneyadviceservice.org.uk/en/categories/how-to-save-money
    Telephone: 0800 138 7777  

    StepChange
    Website: www.stepchange.org/debt-info/your-financial-situation.aspx
    Telephone: 0800 138 1111

    Which!
    Website: www.which.co.uk/money/savings-and-isas

    Please note that all topics discussed in this episode can vary depending on your personal circumstances, and the value of investments or savings can go down as well as up. Any figures quoted were accurate at the time of recording (October 2019).

    • 28 min
    Why planning for death is so important

    Why planning for death is so important

    In this episode of 'The penny drops', our host Andrea Fox joins finance journalist and BBC broadcaster Guy Kilty to talk end-of-life planning and why it’s important to think about it early on.

    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 end-of-life planning on the following sites:

    Dying Matters
    Website: www.dyingmatters.org/page/planning-ahead
    Telephone: 08000 21 44 66

    Age UK
    Website: www.ageuk.org.uk/information-advice/money-legal/end-of-life-planning
    Telephone: 0800 055 6112

    NHS
    Website: www.nhs.uk/conditions/end-of-life-care

    Cruse Bereavement Care
    Website: www.cruse.org.uk
    Telephone: 0808 808 1677

    Bereavement Advice Centre
    Website: www.bereavementadvice.org
    Telephone: 0800 634 9494

    Royal London
    Money Guides: www.royallondon.com/articles-guides/learn/money-guides
    Bereavement Hub: www.royallondon.com/articles-guides/learn/bereavement

    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 (October 2019).

    • 35 min
    Managing your finances as a woman

    Managing your finances as a woman

    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.

    • 43 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-employment
    GOV.UK: www.gov.uk/working-for-yourself
    Money Advice Service: www.moneyadviceservice.org.uk/en/categories/self-employment

    Budgeting and saving
    Money Advice Service: www.moneyadviceservice.org.uk/en/articles/beginners-guide-to-managing-your-money

    Money worries
    Citizens Advice: www.citizensadvice.org.uk/debt-and-money
    National Debtline: www.nationaldebtline.org 
    StepChange Debt Charity: www.stepchange.org

    Mental health support
    Mind: www.mind.org.uk
    NHS: 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
32 Ratings

32 Ratings

Alan143 ,

On the money

A great podcast with a fun and relatable host. Subject matter touches on some great topics and points to some really useful information. The guests are great too 😊

abdheifhxhsjfjc ,

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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