FCA survey finds three quarters of younger high-risk investors say they feel competitive when investing in high-risk products
To coincide with the launch of its InvestSmart campaign, to help new investors understand the risks they may be running, new research from the Financial Conduct Authority (FCA) has found that many are driven by competition and influenced by hype. The FCA surveyed 1,000 people aged 18 to 40 who invest in high-risk investment products. […]
Read MorePayplan publishes report on how Breathing Space has helped its clients so far
In May 2021, Government launched the Breathing Space scheme, giving those people who are struggling with problem debt, some extra time to get their finances back on track. It offers people 60 days’ protection from creditor contact, a freeze on interest and charges and protection from legal and enforcement action. Since then, Payplan has helped […]
Read MoreSocial Market Foundation says GPs prescribing debt advice could be a lifeline for those who have lost income
The Government has been urged to tackle post-Covid inequalities by helping GPs prescribe debt advice and job support for patients struggling with their finances. The Social Market Foundation (SMF) says financial prescribing, which enables the NHS to refer patients to non-clinical agencies like debt charities and jobs boards, could be a lifeline for those who have lost income during […]
Read MoreRegistry Trust data analysis highlights insolvency early warning sign for companies with outstanding CCJs
New data analysis shows that 47% of businesses which became insolvent in May and June 2021 had an outstanding county court judgment (CCJ) against them. 78% of those which became insolvent with an outstanding CCJ had received their first CCJ within the previous 999 days. With the Insolvency Service’s latest corporate insolvency figures for August […]
Read MoreUniversal Credit claimants create guide to benefit
Researchers and a group of universal credit claimants in Northern Ireland have teamed up to create a guide to the benefit. Ulster University, which worked with the University of York, said it was the UK’s first claimant-led guide to universal credit. The experiences of the claimants are detailed in the online document. One of the […]
Read More