Ep 547 - New forms of financial advice and mastering the energy cycle
The Money To The Masses Podcast
Damien Fahy
4.8 • 589 Ratings
🗓️ 17 May 2026
⏱️ 32 minutes
🧾️ Download transcript
Summary
In this week's episode, Damien discusses the evolving landscape of financial advice, from the introduction of "targeted support" to the rise of simplified advice. Damien also explains the key differences between full and restricted advice and how the new advice categories aim to close the UK's advice gap.
Finally, Andy looks at the energy payment cycle, explaining how to calculate a safe credit buffer, when to reclaim overpaid funds from your supplier as well as your legal rights.
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Transcript
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| 0:00.0 | Hello and welcome to episode 547 of the Money to Damascus podcast with your resident expert, as always Damien Faye and me, Andy. |
| 0:07.0 | Steyman, welcome back. How are you doing? |
| 0:09.0 | I'm really good, Andy. I just looked at the stats, funnily enough, on the podcast this week. |
| 0:14.3 | So we had one of our best days ever for downloads on the podcast, and it was in relation to our Money Vault on Wednesday. |
| 0:21.8 | So we did a piece on 26 Ways to Boost Your Pension. |
| 0:25.0 | So it was incredibly popular. |
| 0:26.5 | So that's great to see that people are really engaging with the new idea of having a money vault |
| 0:32.2 | where we go back and pick out something from the archives, sprinkle a bit of magic dust on it. |
| 0:37.4 | That's mainly you doing that, Andy, with a bit of editing and then us updating the content where needed. |
| 0:42.3 | So that's great to see. |
| 0:44.3 | And thanks for everybody who's left comments and suggestions about which areas we should cover in the future. |
| 0:50.3 | And on that, do make sure you all stop this podcast now and you go and leave a comment |
| 0:56.2 | on Spotify because it really helps with the algorithm and helps us be discovered by new people, |
| 1:01.8 | even if you just want to leave an emoji or, as somebody did last week, slightly berated us. |
| 1:08.8 | I didn't berate us. That's probably a bit unfair, but did highlight, quite rightly, |
| 1:12.6 | that we probably were giving squirrels a really harsh time, especially the ones in my garden, |
| 1:17.1 | which I was suggesting, were slightly impaired in their way of saving for the future. |
| 1:22.2 | Yeah, and talking of gardens, Damon, I do have to mention that currently outside my window, |
| 1:26.1 | and this is the nature of recording in a home studio. I've got someone that's mowing their lawn. Hopefully the technology will do its best to cut out that noise, but if you do hear it, hey, I suppose it's that time of the year, everyone's in their garden at the moment. And we've inspired them, Andy. I think the talk of my garden, peering in the videos, maybe that's inspired people. |
| 1:44.3 | But even though you mentioned we do this remotely, |
| 1:46.8 | I just want to mention to people that I saw Lola for the first time. |
| 1:50.9 | I don't know how long. |
... |
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