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May 2021

New £2.4m pilot for people in mental health crisis to help avoid spiralling debt

10 May 2021 | Posted In Money advice news

The Money and Pensions Service (MaPS) has launched an innovative new pilot to help people in mental health crisis avoid worsening debt problems, as part of its increased funding for debt advice in 2021/22. The government-backed MaPS has committed £94.6million overall in 2021/22 to support vital debt advice services as people continue to grapple with […]

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New scheme to give people in problem debt breathing space launched

04 May 2021 | Posted In Money advice news

Hundreds of thousands of people struggling with debt problems will be supported through a new debt respite scheme that launched today (4 May 2021). around 700,000 people struggling with problem debt to benefit from Breathing Space this year scheme will give those facing financial difficulties 60 days to get finances back on track – without […]

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New Financial Services Bill receives Royal Assent

04 May 2021 | Posted In Money advice news

The UK has taken an important first step in shaping its own financial services regulation outside the EU with the new Financial Services Bill receiving Royal Assent. The Bill, which is now an Act, will ensure the UK remains an open and dynamic financial centre, with the highest regulatory standards, and protect people across the […]

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