Financial watchdog proposes to ban debt packager referral fees to protect consumers
The Financial Conduct Authority (FCA) is to push ahead with proposals to ban debt packager firms from receiving referral fees from debt solution providers, following further analysis of the market. The FCA initially consulted on a ban in November 2021 after identifying a lack of adequate management of the conflict of interest between giving advice […]
Read MoreBob’s Blog: MALG National Members Meeting Thursday and other news
2023 has got off to a flying start for MALG and our Members and plans for this year’s Autumn Conference are now well under way. Watch this space for more details soon! In the meantime…. MALG National Members Meeting this Thursday If you are a National Member and have not yet registered for this week’s virtual […]
Read MoreBusiness Secretary calls on energy suppliers to put consumers first
Business and Energy Secretary Grant Shapps has given energy bosses a deadline of Tuesday 7 February 2023 to report back to him on what remedial action – such as providing compensation – they plan to take should they have wrongfully installed prepayment meters in the homes of vulnerable customers. It comes in the wake of […]
Read MoreMoney Advice Trust announces major new enhancements to debt advice services
Money Advice Trust has announced major enhancements to its National Debtline and Business Debtline services as part of its new contracts with the Money and Pensions Services (MaPS). Key enhancements to Money Advice Trust services include: The launch of the new National Debtline Partnership, which for the first time will offer a telephone casework service […]
Read MoreJoseph Rowntree Foundation publishes essential guide to understanding poverty in the UK in 2023
Joseph Rowntree Foundation’s UK Poverty 2023 report sets out recent trends in poverty across the UK, how levels of poverty differ between groups of people and regions, and the impact it has on people’s lives.The latest official poverty data used in this report was collected between April 2020 and March 2021 (the first year of […]
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