StepChange publishes General Election 2017 Briefing: Turning round lives held back by debt
StepChange, the largest specialist debt advice provider in the UK, has published a briefing ahead of the UK General Election on 8 June 2017 calling on all parties to help struggling households and turn around the lives of those held back by debt. Based on its experience StepChange suggests a range of policies that […]
Read MoreMALG Board member Robert Skinner wins award for contribution to the credit industry
Money Advice Liaison Group (MALG) Board member Robert Skinner won the Martin William’s Award for contribution to the credit industry at Credit Strategy’s Credit Awards 2017 (see #creditawards on Twitter for more). The award presenter said: “Robert has had a 40 year career in financial services, the majority of which has been dedicated to raising standards […]
Read MoreMental 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 More