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Proposals for a new Enforcement Conduct Authority backed by debt advice sector

28 Jul 2021 | Posted In Money advice news

Think tank the Centre for Social Justice has worked with the debt advice sector and enforcement industry to reach a consensus on plans for a new independent oversight body to protect people in debt. The Taking Control group of advice agencies and other charities, set up in 2016 to campaign for bailiff reform, has collectively […]

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Shipshape or sinking ship?: Christians Against Poverty publishes report on problem debt’s impact on financial and mental wellbeing

23 Jul 2021 | Posted In Money advice news

Christians Against Poverty’s (CAP UK) latest report, Shipshape or sinking ship?, investigates the factors that harm and limit the wellbeing of people in financial difficulty. Rachel Gregory, Senior Policy Manager, CAP UK, says: “Financial and mental wellbeing are both essential to allow us to feel secure, in control and connected to others. Without these central planks […]

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FCA takes action against debt packager firms

23 Jul 2021 | Posted In Money advice news

Following an FCA review of the practices of debt packager firms, 5 firms have stopped providing regulated debt advice until further notice and the FCA has used formal powers to stop another firm from providing regulated advice. The FCA has also published correspondence between Sheldon Mills, Executive Director, Consumers and Competition at the FCA and Dean Beale, CEO […]

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New research will look at how to increase the financial inclusion of people from Black, Asian and minority ethnic communities

02 Jul 2021 | Posted In Money advice news

Fair4All Finance are partnering with Esmée Fairbairn Foundation, NatWest Group and StepChange on new research into how ethnicity influences access to financial products and services in the UK. The research aims to fill current gaps in understanding. It will explore practical short, medium and long term solutions to current inequalities, such as: Fraud victims from […]

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TV Licensing updates over 75s and their advisers on 31 July 2021 application deadline

02 Jul 2021 | Posted In Money advice news

In August 2020, there was a policy change to the TV Licence for those over 75 and free licences were no longer funded by the government from this date, with those aged 75 or over receiving Pension Credit eligible to apply for a free TV Licence. The transition period for this new policy was extended […]

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