Money Advice Trust and Citizens Advice publish new Insolvency Report, as debt remedies need ‘major rethink’
Money Advice Trust and other leading debt charities are calling for a fundamental overhaul of the personal insolvency system in England and Wales, warning that current debt remedies are no longer working for people in crisis or for creditors. In a new joint paper Citizens Advice and the Money Advice Trust set out a blueprint […]
Read MoreFinance & Leasing Association’s Fiona Hoyle appointed as new Chair of Money Advice Liaison Group (MALG)
Fiona Hoyle, Head of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), has been appointed as the new Chair of Money Advice Liaison Group (MALG). Fiona has been on the Board of MALG, the not-for-profit membership organisation covering the whole of the debt landscape in the UK, for four years. […]
Read MoreCitizens Advice launching a new debt advice service for energy consumers in England and Wales later this year, with equivalent arrangements available in Scotland
Citizens Advice will be launching a new debt advice service for energy consumers in England and Wales later this year, with equivalent arrangements available in Scotland. They have been working on this proposal for some time, responding to the significant increase in people coming to them with energy debt since the energy crisis. Across the […]
Read MoreResearch by TSB reveals that over half of people who have acted on social media financial advice have lost money
Research by TSB reveals that of the 31% of people who have acted on financial advice on social media platforms – over half (55%) lost money as a result. Following the FCA’s ongoing focus on finfluencers, TSB surveyed almost 2,000 people who use social media, finding that nine in 10 (90%) had seen an investment […]
Read MoreCentre for Social Justice publishes report on measuring vulnerability in council tax collection
The Centre for Social Justice (CSJ) has published a new report called ‘Vital Signs’ which looks at measuring vulnerability in council tax collection. The report is the fourth piece in a series of work designed to drive up standards in government debt collection. In 2020, the CSJ released ‘Collecting Dust’, which charted a new path […]
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