Mental Health Awareness Week: Payplan study finds link between debt and depression
Debt advice provider PayPlan has released survey results during Mental Health Awareness Week 2017 which show that one in six debtors seeking their help experience depression because of debt. A staggering 82% of PayPlan customers customers suffer from anxiety, 91% from stress and 62% from insomnia as a result of their debt problems, and the […]
Read MoreFCA mission focuses on personal finance
Regulator the Financial Conduct Authority has launched its mission statement for this financial year and identified that personal debt levels are high enough to merit the whole sector coming under its microscope. Chief executive Andrew Bailey has highlighted the need for examination of the whole high-cost credit market following a cap on payday lending. Read […]
Read MoreMoney and Mental Health Policy Institute publishes policy note on the case for bailiff reform to reduce psychological harm
The Money and Mental Health Policy Institute has published a policy note entitled: ‘Fear and foul play – the case for bailiff reform to reduce psychological harm’. It follows the recent launch of the ‘Taking Control’ bailiff reform campaign by several MALG members including The Money Advice Trust, AdviceUK, Christian’s Against Poverty, Citizens Advice and […]
Read MoreNew Money Advice Service chief executive announced
The Pensions Regulator executive director Charles Counsell has been appointed as the Money Advice Service’s new chief executive. The Money Advice Service is set to merge with The Pensions Advisory Service and Pension Wise to form a new financial guidance body by the end of 2018. Counsell was awarded an OBE in the 2017 New […]
Read MoreNew financial services trade body to be named UK Finance
The new financial services trade association, which will be formed as the result of merging the Council of Mortgage Lenders (CML), the British Bankers’ Association (BBA), the Asset Based Finance Association (ABFA), Financial Fraud Action UK, Payments UK and the UK Cards Association, will be named UK Finance. UK Finance will officially launch in summer […]
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