UK state pension age increase from 67 to 68 to be brought forward by seven years to 2037
The Secretary of State for Work and Pensions, David Gauke, today announced that the rise in the pension age to 68 will now be phased in between 2037 and 2039, rather than from 2044 as was originally proposed. Those affected are currently between the ages of 39 and 47. Read more here.
Read More1st Credit and Hammersmith & Fulham Council join forces to launch revolutionary public-private joint venture, H&F Ethical Debt Collections
MALG member and 2017 conference sponsor 1st Credit has joined force with Hammersmith & Fulham Council to launch a revolutionary private-public joint venture, H&F Ethical Debt Collections. The partnership changes the way public sector debts are handled, ending the two-tier treatment of customers in debt by applying Financial Conduct Authority (FCA) standards to public as […]
Read MoreNew plans to target debt advice at those most in need from Money Advice Service
New proposals to ensure that debt advice commissioned by MALG member the Money Advice Service targets those most in need across the UK have been published for consultation. These are designed to deliver comprehensive, high-quality services that will both tackle debt and improve people’s well-being. A strategic approach to debt advice commissioning, sets out a […]
Read MoreLloyds Banking Group announces simplification of overdrafts for personal current account customers
Lloyds Banking Group is simplifying overdrafts for its personal current account customers. The new approach will be simple, clear and will give customers more control of their overdraft borrowing. Overdrafts can be complex and confusing for customers and Lloyds Banking Group has listened to customer feedback in the changes it is introducing from November 2017. […]
Read MoreFinancial Guidance and Claims Bill
The Financial Guidance and Claims Bill was announced as part of the Queen’s Speech last month (June 2017). This Bill sets out the Government’s intention to ensure that consumers have a more joined up offering across money guidance and pensions advice through the creation of a Single Financial Guidance Body (SFGB). The new Body is […]
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