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UK Finance launches death notification service

18 Jun 2018 | Posted In Money advice news

A new service enabling people to report the death of an individual to several major financial services providers at the same time has been launched by UK Finance. The free, online Death Notification Service is available to anyone who wishes to notify, in a single step, one or more of the member organisations1 that a customer has died. […]

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IMA Networking and Information Sharing project launched for all free-sector advisers

12 Jun 2018 | Posted In Money advice news

IMA members and other free sector advisers can now sign up to a new dedicated area of the IMA website. Members will be able to log in using their existing Members Zone username and password, and non-members can register via the IMA website: The new web area includes: A resources directory with a library […]

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FCA publishes outcome of high-cost credit review

31 May 2018 | Posted In Money advice news

The Financial Conduct Authority (FCA) has announced new proposals designed to protect millions of people who use overdrafts and high-cost credit. The changes the FCA are consulting on follow an in-depth review into the high-cost credit market and are expected to reduce the costs for consumers and give them greater control over their finances. These […]

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Latest behavioural insights could help 12.7 million make more of their money

17 May 2018 | Posted In Money advice news

The Financial Capability Lab – a Money Advice Service and Behavioural Insights Team partnership – has developed new ways to tackle challenges faced by financially squeezed households. New research released 10 May 2018 showcases innovative ideas aimed at tackling everyday money challenges. This fresh approach from The Financial Capability Lab – a partnership between the Money […]

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Credit Kudos takes the lead in the Open Banking rollout race

10 May 2018 | Posted In Money advice news

Technology-driven challenger credit bureau, Credit Kudos, has announced the successful roll-out of Open Banking connections with the largest UK banks, becoming the first credit bureau to offer Open Banking services to lenders and individuals. The roll-out of Open Banking began in January 2018 and is set to fundamentally change the way consumers interact with banks. Nine […]

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