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February 2018

TV licencing: cost of the licence fee will change on 1 April 2018

23 Feb 2018 | Posted In Money advice news

The cost of the licence fee will change on 1 April 2018. The Government is responsible for setting the level of the licence fee, and in 2016 announced that it would rise in line with inflation for five years from 1 April 2017. A colour licence will now cost £150.50 (currently £147). A black and white licence will […]

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APPG launches inquiry into young victims of financial crime

21 Feb 2018 | Posted In Money advice news

The All-Party Parliamentary Group on Financial Crime and Scamming has launched a review into how young people can be protected from financial crime. Figures released by Cifas, the UK’s fraud prevention service, revealed a 75 per cent increase in the misuse of bank accounts involving 18 to 24 year olds during the first nine months […]

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The IMA’s adviser networking and information sharing project

21 Feb 2018 | Posted In Money advice news

The Institute of Money Advisers (IMA) and Shelter are delighted to be working together to provide up-to-date information and resources to the money advice sector. Shelter’s Specialist Debt Advice Service (SDAS) offers free professional guidance with complex debt queries. The service can be accessed by debt advisers offering free-to-client advice in England and Wales. The […]

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Lending Works chooses Credit Kudos to power new Open Banking initiative

19 Feb 2018 | Posted In Money advice news

Credit Kudos and Lending Works have announced a partnership that creates one of the first commercial applications of the new Open Banking standard, empowering customers to instantly verify income in support of loan applications. Credit Kudos, a challenger credit bureau, and Lending Works, a fast-growing peer-to-peer (P2P) lending platform, are partnering to enable customers to […]

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Report from Resolution Foundation: An unhealthy interest? Debt distress and the consequences of raising rates

14 Feb 2018 | Posted In Money advice news

Resolution Foundation have published a report highlighting the growing problem of UK household debt.   Debt Standing at nearly £1.9 trillion, UK household debt remains a big issue. It is one that has very real and very obvious relevance for those families having to meet repayment commitments. But it is one that has macroeconomic implications […]

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