IFS research finds men from poor backgrounds have lower earnings and are twice as likely to be single
New research from the Institute of Fiscal Studies has found that men from poor backgrounds have lower earnings and are twice as likely to be single as those from rich families. Key findings include: The earnings gap between men with richer parents and their counterparts from less well-off backgrounds is widening. In 2012, employed 42-year-old men […]
Read MoreHave your say on the future of the Common Financial Tool in Scotland
MALG member Accountant in Bankruptcy (AiB) has called on everyone involved in the insolvency and debt management processes to voice their opinions on the mechanism used to determine how much debtors pay towards their debts. The Common Financial Tool is currently the standardised method used in Scotland to assess a debtor’s income and expenditure to help […]
Read MoreHomeless charity Shelter announced as supplier for specialist debt advice support service
MALG member the Money Advice Service has announced that Shelter will be the supplier to deliver a three-year contract for specialist debt advice support services on its behalf. The support service will provide organisations across the debt sector with free access to a panel of experts to help guide them through complex debt cases and […]
Read MoreFinancial Conduct Authority sets out agenda and priorities for consumer credit
MALG member the Financial Conduct Authority (FCA) has today published the outcome of its review into high-cost credit, which includes its assessment of the effectiveness of the payday loan price cap. The financial service industry regulator’s review provides clear evidence that FCA regulation of high-cost short-term credit (often known as ‘payday lending’) has delivered substantial […]
Read MorePayplan research shows 20% increase in debt management advice
MALG member Payplan has released research which shows that the amount of individuals reaching out for debt management advice has increased by 20% since May 2017. The findings were revealed at a recent creditor roundtable, hosted by PayPlan at the Money Advice Service headquarters, with PayPlan highlighting a significant rise in those seeking help with […]
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