Money and Pensions Service and Personalised Care Institute launch toolkit for health and care professionals to support rise in money-related health issues
A poll conducted by Money and Pensions Service (MaPS) and Personalised Care Institute (PCI) with 500 patient-facing health and care professionals has found that that, over the last six months, 50% have seen more patients with health issues they fear are caused or exacerbated by money worries. However, the vast majority of health and care […]
Read MoreMoney and Mental Health’s research highlights the urgent need for more joined-up mental health and debt support
Money and Mental Health Policy Institute’s new research shows that the Government could save £100m+ each year and double recovery rates for people with depression and debt, by joining up mental health and money support. It found that people who have had mental health problems in the past two years are three times more likely to […]
Read MoreFCA to run Consumer Duty webinar for debt advisers due to concerns over lack of awareness, understanding and implementation progress
The Financial Conduct Authority (FCA) has organised a webinar for debt advice providers on 12 July 2023, 2-3pm. This important event follows concerns around the readiness of smaller regulated firms, including the large number holding debt counselling as a permission, ahead of the Consumer Duty implementation deadline on 31 July 2023. Advisers having the confidence […]
Read More5.5 million people behind on energy bills, as charities call for Help To Repay scheme
Money Advice Trust releases new findings on the impact of the high cost of living An estimated 5.5 million UK adults are behind on their energy bills, according to new research from the Money Advice Trust, the charity that runs National Debtline and Business Debtline. The charity’s Under Pressure research – based on an Opinium survey of 2,000 […]
Read MoreFCA bans referral fees for debt packagers to help struggling consumers
Regulator the Financial Conduct Authority (FCA) is banning certain providers of debt advice from receiving referral fees from debt solution providers. The ban should save consumers struggling with debt thousands of pounds in unnecessary fees and ensure they receive better quality advice. It will put a stop to the business model which incentivises debt packagers […]
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