MONEY ADVICE LIAISON GROUP
Money Advice Liaison Group Logo

Money advice news

New research by The Health Foundation explores how debt can affect health during the cost-of-living crisis

23 Nov 2023 | Posted In Money advice news

New research by The Health Foundation explores how debt can affect health during the cost-of-living crisis. The key findings from the report were: Being in problem debt is associated with worse health outcomes. People in problem debt are three times as likely to report that their health is ‘bad’ or ‘very bad’ (21% compared with […]

Read More

Ofgem opens up conversation on energy standing charges ahead of winter

17 Nov 2023 | Posted In Money advice news

A call for input on the ‘standing charge’ – how it is applied to energy bills and what alternatives could be considered – has been launched by Ofgem. The standing charge is a daily charge that you pay your energy supplier each day to cover fixed costs of providing gas and electricity, regardless of how […]

Read More

FCA secures contract changes for buy-now-pay-later customers as more consumers use the product

01 Nov 2023 | Posted In Money advice news

New research from the FCA shows that there has been a significant increase in the use of buy-now-pay-later (BNPL). The news comes as the FCA has secured further changes to potentially unfair and unclear contract terms for unregulated BNPL firms. The data, which is part of the FCA’s Financial Lives research, shows that 27% of […]

Read More

The Lord Mayor of the City of London leads call for statutory financial education in primary schools

12 Oct 2023 | Posted In Money advice news

The Lord Mayor of the City of London has led a group calling for financial education to be made statutory in primary schools, in a raft of new measures to tackle financial illiteracy in the United Kingdom. The Financial Literacy and Inclusion Steering Group, chaired by the Lord Mayor, Nicholas Lyons, announced a six-point plan […]

Read More

Fairbanking Foundation research raises questions about whether financial services firms have cultural bandwidth to make Consumer Duty work

09 Oct 2023 | Posted In Money advice news

The Fairbanking Foundation welcomes the FCA’s new Consumer Duty. However, new research it has commissioned with University College London (UCL) and Warwick Business School supported by FIS Global, raises questions about whether financial services firms really understand and are listening to what consumers want, and whether they have the cultural bandwidth to make the Duty […]

Read More