norfolk uk key people john woods chairman ; marcus rudd managing director number of employees over 80 website www.moneyfactsgroup.co.uk moneyfacts group plc is a financial information company founded in 1988 1 based in norwich in the united kingdom employing over 80 people . contents 1 history 2 product chronology 3 activities 4 additional activities 5 controversies 6 references 7 external links history edit moneyfacts was founded in 1988 by current chairman john woods . it was first launched as a six page monthly factsheet that brought personal finance products together to allow for comparison . this has since expanded to a range of magazines moneyfacts personal finance products ; business moneyfacts business finance products ; and investment life & pensions moneyfacts pension and investment products . moneyfacts now provides a range of financial product information services including a price comparison website moneyfacts.co.uk product analyser systems treasury reports executive reports industry awards and product star ratings . the brand has grown rapidly and is known throughout the uk as the independent and unbiased source of financial information . 2 moneyfacts data is used throughout the uk financial industry . it is used by the bank of england 3 british bankers association building society association council of mortgage lenders financial conduct authority financial ombudsman service hm treasury prudential regulatory authority by virtually every bank and building society in the uk and it powers many of the uk s financial comparison websites . product chronology edit moneyfacts magazine first published in 1988 business moneyfacts magazine first published in 1994 investment life & pensions first published in 1996 moneyfacts.co.uk launched in 2000 market intelligence reports launched 2003 daily news bulletin launched 2003 web services and data feeds launched 2005 treasury reports launched 2009 analyser launched 2012 activities edit moneyfacts main activities are 4 independently researching and monitoring thousands of the personal business investment life and pensions financial products that are available in the uk . providing independent financial information and a subscription data service to financial institutions the media and government in the uk . this includes the production of best buy tables for personal finance products . publishing three monthly magazines moneyfacts business moneyfacts and investment life & pensions moneyfacts . 5 hosting four annual awards 6 consumer moneyfacts awards ; business moneyfacts awards ; moneyfacts awards ; and investment life and pensions moneyfacts awards which establish the best financial products in their sectors . these awards are widely reported in the national and financial press . 7 operating the financial price comparison web site moneyfacts.co.uk . 8 since 2000 . 9 building and maintaining it systems which provide up to date financial information to banks and building societies in the uk as well as intermediaries the media and government . annual assessment of a range of financial products in the form of moneyfacts annual star ratings . publication of treasury reports which provide an in depth review of the credit card mortgages pensions and savings market . additional activities edit moneyfacts data powers a number of financial comparison websites moneyfacts market commentary and insight regularly appears within national newspapers and moneyfacts representatives appear on amongst others bbc breakfast bbc news 24 and sky news . 10 11 12 moneyfacts data and insight is used by the hm treasury the office of fair trading and the united kingdom parliament the european commission the british bankers association the building society association the council of mortgage lenders the financial conduct authority 13 the financial ombudsman service the prudential regulatory authority and the bank of england . moneyfacts is a regular contributor of data and insight to the bank of england s financial stability report 14 trends in lending and inflation reports . moneyfacts provides best buy charts to the national and provincial press including financial times the daily telegraph the guardian the sunday telegraph the sunday times and the times controversies edit in 2004 its rival moneysupermarket.com paid moneyfacts 3.9 million in an out of court settlement to settle a dispute of alleged intellectual property theft . at the time moneysupermarket was going public at a price between 864 million and 1.05 billion and it was thought best to resolve the issue beforehand . 15 in 2007 the best buy tables used in the uk press were criticised by mike lazenby the then maverick 16 ceo of the kent reliance building society for not reflecting the products which offered the best long term value with moneyfacts bearing the brunt of the criticism . the main objections were 17 at that time moneyfacts charged an 11 000 yearly fee to its subscribers and did not always list non subscribers in its best buy tables . it was possible for products to boost their position in best buy tables by offering short term introductory bonuses . the historic issue was that some non subscribers tended not to volunteer their data within the time required . with the benefit of more widely available digital data this is no longer an issue . to resolve the issue of product providers manipulating submissions by introductory bonuses moneyfacts now produces its tables in versions with and without these bonuses . subsequently in 2013 moneyfacts were praised in the sunday times 18 which highlighted that moneyfacts.co.uk always lists the genuine best buy products for its customers regardless of any financial arrangements with product providers whilst other comparison websites were found to purely recommend financial products on a commercial basis . references edit moneyfacts about us the west morland gazette second award for cumbrian building society bank of england bank of england statement of administrative data sources moneyfacts group products and services moneyfacts magazine subscriptions moneyfacts group awards the telegraph regular winners in surveys and banking beauty contests alexa moneyfacts the observer cashpoints the telegraph what the bank rate cut means for your savings the guardian should i still get cash isa personal savings allowance interest tax free the sun banks already ditching best savings accounts ahead of expected cut to base rate of interest fca cash savings market study bank of england financial stability report the telegraph moneysupermarket paid rival 3.9 m mortgage strategy twist at the end of society soap bbc attack on money best buy tables sunday times best deal is one zat pays us . simples external links edit official group website consumer financial comparison website retrieved from https en.wikipedia.org w index.php title moneyfacts & oldid 735091145 categories british monthly magazinesbritish business magazinesmagazine publishing companies of the united kingdomcomparison shopping websitesfinancial services companies established in 1988magazines established in 1988 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 18 august 2016 at 15 14 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit 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