Consumers need truth about financial products, says Moneyfacts

Moneyfacts says it is vital that consumers are given accurate and impartial information on financial products.
It says that if consumers opt for a financial product having carried out research on a website, they need to know they can rely on the information that led to this choice.

Incorrect or biased information can cost them hundreds of pounds.

Consumers are becoming more financially aware. An increasing number are turning to the internet as a source of information on financial products.

Moneyfacts.co.uk alone gets 100,000 consumers visiting its website every month.

Moneyfacts is entirely independent and impartial, and people can be sure that the information it shows is totally unbiased.

It says its data is sourced from the whole market and is constantly updated, and it does not receive any payment from any provider for inclusion in our charts or searches, and does not receive commission.

It also says it does not benefit from any sale that may directly or indirectly result from our information or data.

There is often debate as to the reliability of best buy charts and whether providers manipulate their products to appear in these.

Moneyfacts has been compiling best buy charts for over 14 years.

Moneyfacts best buys are selected and prepared by our expert editorial staff. It follows strict guidelines regarding the information it receives.

Emma Butler, web editor, says: "Consumers know that Moneyfacts.co.uk is the source they can trust. As we do not receive any payment from providers for inclusion in our searches or best buys, we would never remove a provider from our site because they will not pay for inclusion.

"Best buys give an overview of the best products around, with their main purpose being to educate consumers in what is available in today's financial market."