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UK military sets up financial advice website

The Royal British Legion has launched an online project to assist armed forces personnel and their families in managing their personal finances.

The ‘MoneyForce’ website is a joint initiative of the legion, the UK Ministry of Defence and Scottish investment manager Standard Life, who is funding the project through its charitable arm, and will provide general advice on issues including budgeting and cash flow management, and features tools such as a car cost calculator and budget planner.

As well as the website, the operators of MoneyForce will also be designing and implementing a personal finance course to be included in basic training for the armed forces.

“Whether you're dealing with debt, interested in investments or puzzled about payday loans, MoneyForce will arm you with all the information you need to get MoneyFit,” says a statement on the website.