Experian analysis of StepChange client records shows that digital money tools could help those with problem debt
Many people needing help to manage problem debts are unlikely to be managing their money digitally, analysis has found. Credit reference agency Experian analysed more than 200,000 anonymous client records from StepChange Debt Charity. It found that the vast majority (88%) of clients are highly engaged with the online world, using the internet to access […]
Read MoreCitizens Advice publishes new research into negative budgets
Citizens Advice yesterday published new research into negative budgets, showing the extent to which people are unable to meet their living costs due to low income and high household costs. The analysis uses, for the first time, a dataset made up of detailed financial information on Citizens Advice debt clients to assess financial security and […]
Read MoreMoney & Pensions Service appoints new permanent CEO
The Money and Pensions Service (MaPS) has announced the appointment of Caroline Siarkiewicz (who was a keynote speaker at the MALG Conference 2019) as Chief Executive Officer (CEO). Siarkiewicz has been acting CEO since June 2019 and has overseen the development and launch of its recently published UK Strategy for Financial Wellbeing. Siarkiewicz was previously […]
Read MoreMoney & Pensions Service publishes UK Strategy for Financial Wellbeing 2020-2030
The Money and Pensions Service (MaPS) has launched a UK-wide strategy to improve the financial wellbeing of individuals and the community across the country. MaPS’ strategy follows the 2019 government mandate to provide access to the information and guidance needed by UK citizens to make effective financial decisions over their lifetime. The strategy establishes five […]
Read MoreResolution Foundation publishes briefing on inequalities in the use of consumer credit in the UK
Low-income households have seen the fastest rise in the use of consumer debt since the financial crisis, and are too exposed to financial shocks, according to new research published on 15 January by the Resolution Foundation. An outstanding balance? explores changes in the use of consumer debt – including credit cards, store cards, mail order and […]
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