Matthew Jenkin, Senior Writer, Which? Money

In today's Money Talks, Headlinemoney Awards nominee Matthew Jenkin explains how anyone can become a victim of fraud - including himself - and reveals why he is more interested in hearing from ordinary people than from billionaires.
Matthew Jenkin, Senior Writer, Which? Money
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What are the main beats you cover?

Savings, tax and insurance.

What was your reaction to making the shortlist?

Very surprised. I actually assumed I hadn’t been nominated so didn’t read the email until much later in the day.

What made you become a financial journalist?

I came into financial journalism following the economic fallout of the pandemic and at the height of the cost of living crisis. Suddenly the subject of personal finance wasn’t just of interest to a few, but to so many people who cared about cutting costs and making the most of their money during uncertain times.

I was therefore excited to join a field with so many important stories to tell and to hopefully have a positive impact on readers’ lives (and wallets) in the process.

 What is the story you are most proud of and why?

Is it cheeky to pick two?

The first was the result of doing what I love the most. Original research and the using the findings to make a difference to people’s financial lives. Everyone should be able to tap into the savings boom, but it can be hard for newcomers to get to grips with the different types of account on offer and understand how savings interest works in practice. One common source of confusion is the difference between monthly and annual interest. My feature looked beyond the headline rate and I analysed the latest data to find out whether the frequency of when interest is paid really makes a difference to the overall return. I also dug deeper to reveal that where you pay interest into is just as important as when.

The second article I am proud of was a personal one. With scams becoming more and more sophisticated, I was reminded that no one is immune from being tricked when I also became a victim of a card fraud. The con artists went on a £900 shopping spree and my first person account of the incident not only illustrates how anyone can be defrauded - and the red flags to watch out for - but also explores how card providers can fail victims during the refund process.

Which financial interview would you most like to arrange?

While interviewing some bigshot billionaire sounds exciting to some, I’m more interested in the little guy feeling the sharp end of the cost of living crisis. I love hearing about the experiences of ordinary people and how they are managing their money, finding out new tips for saving and investing, and turning adversity into an opportunity for innovation.

Tell us about the most surprising/interesting money story you have read recently:

My colleague Ciara Cavaglieri this week published a fascinating article which investigated the rise of airline customers being targeted by fake accounts on X. With the summer holidays just around the corner, it’s a frightening reminder to be extra careful when looking for help and advice on social media.

What advice would you give to someone starting out in financial journalism?

Don’t be daunted by the subject matter. I knew very little about some areas of my patch when I joined Which? Money, but in many ways it’s a good place to start. You’re more likely to know the questions readers want answered and to find a way to make complex topics easy to understand. I frequently have to get to grips with new things about the areas I am covering and newcomers without prior knowledge should be prepared for a steep learning curve at first.

What topics do you expect to dominate the news in the second half of 2024:

If the Bank of England starts cutting the base rate this summer, we’re going to see savings and mortgages back in the spotlight. And of course, a lot could change after the general election in July. It’s all up in the air right now but will be exciting to see what happens next.

If you could pick up a new skill in an instant, what would it be?

I’d love to be a maths genius and have a perfect photographic memory. Other than that, maybe juggling. It would entertain my kids and I’ve never been able to crack it.

Describe your dream holiday:

Somewhere hot, sunny, with a sea as warm as a bath. But I am not one for just lying on the beach, so there has to be plenty of culture and, most importantly, excellent food!

Finally, if you had to eat one meal for the rest of your life, what would it be?

I like so many different dishes and cuisines, but maybe Vietnamese Pho. If you don’t know, it’s a type of beef noodle soup. Delicious and healthy too! But I am sure I’d get bored if that’s all I had to choose from.

View the full Headlinemoney Awards shortlist.

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