The BBC Sounds podcast host has issued a warning over the "bitter taste" of discussing the "nightmare scenario" ahead of the newsletter.

Martin Lewis says have 'bitter' conversation before 'nightmare scenario'

by · Birmingham Live

Martin Lewis has issued a life insurance warning ahead of issuing this week's Money Saving Expert newsletter. The BBC Sounds podcast host has issued a warning over the "bitter taste" of discussing the "nightmare scenario" ahead of the newsletter.

Mr Lewis said: "I'm writing about the importance of life insurance in this weeks MSE email. Its painful to raise to parents the chance they'll die while their little ones are still little. Yet I'm steeling myself - the bitter taste of discussing this nightmare scenario is nothing compared to the bitter impact of not having discussed it, if it happens."

It came after Mr Lewis asked: "Quick Poll: I was due to do savings as my lead @itvmlshow topic, but with assuming the tuition fee rise will be announced today, I'm thinking of delaying that and focusing on student finance mythbusting instead. What do you think?"

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He later returned to Twitter/X to say: "OK the vote is clear stick to savings so this is what I'll do... Tomorrow's ITV show is leading on savings, but I'll give a quick student finance briefing too Then my BBC podcast on Thursday will be on student finance! Hope that covers all bases."

"On the subject of student finances, is there a way my daughter can start to build up her credit rating for when she leaves University. She looks to be unable to get a credit card to buy shopping on and then pay off in full each month. Are there other ways?" asked a fan.

A second typed: "If there's somewhere to save that outstrips "real inflation" then that would be worth a mention. Banks and building societies unfortunately don't offer this and your purchasing power is erroded over time. Personally I favour precious metals for wealth preservation."

Another said: "You don't often hear much about the £5K savings starting rate. Keep any other earning under £12,570, and you can earn £6K in savings interest (and some Bond Funds) a year tax-free."