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New plans to target debt advice at those most in need from Money Advice Service

17 Jul 2017 | Posted In Money advice news

New proposals to ensure that debt advice commissioned by MALG member the Money Advice Service targets those most in need across the UK have been published for consultation. These are designed to deliver comprehensive, high-quality services that will both tackle debt and improve people’s well-being.    A strategic approach to debt advice commissioning, sets out a […]

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Lloyds Banking Group announces simplification of overdrafts for personal current account customers

13 Jul 2017 | Posted In Money advice news

Lloyds Banking Group is simplifying overdrafts for its personal current account customers. The new approach will be simple, clear and will give customers more control of their overdraft borrowing. Overdrafts can be complex and confusing for customers and Lloyds Banking Group has listened to customer feedback in the changes it is introducing from November 2017. […]

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Financial Guidance and Claims Bill

11 Jul 2017 | Posted In Money advice news

The Financial Guidance and Claims Bill was announced as part of the Queen’s Speech last month (June 2017). This Bill sets out the Government’s intention to ensure that consumers have a more joined up offering across money guidance and pensions advice through the creation of a Single Financial Guidance Body (SFGB). The new Body is […]

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Credit Services Association launches updated Code of Practice for the debt collection sector

10 Jul 2017 | Posted In Money advice news

MALG member the Credit Services Association (CSA), the UK trade body for the debt collection sector, launched a newly updated version of its Code of Practice at a stakeholder event at the House of Commons on 5 July, which was attended by MALG’s Bob Winnington. The new revised continues to promote best practice in terms […]

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Citizens Advice calls for Universal Credit rollout to be paused as research reveals people left facing financial difficulty

07 Jul 2017 | Posted In Money advice news

MALG member Citizens Advice says the rollout of Universal Credit should be paused until significant problems with it are fixed in a major new report – Delivering on Universal Credit. It reveals that the requirement to wait for six weeks to receive any payment means people face serious financial insecurity, with many being forced into […]

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