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FCA Call for Input on Review of requirements following the introduction of the Consumer Duty to close on 31 October 2024

26 Sep 2024 | Posted In Money advice news

There is just over one month left to respond to the Financial Conduct Authority’s (FCA) call for input asking for views on whether, where and how it can refine its retail conduct rules, while ensuring it continues to support and protect consumers. The FCA wants to see where it can simplify its retail conduct rules […]

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FCA Chief Executive Nikhil Rathi delivers speech on ‘a change in mindset on financial inclusion’ at StepChange Connected 2024

23 Sep 2024 | Posted In Money advice news

Financial Conduct Authority (FCA) Chief Executive Nikhil Rathi delivered a speech entitled: ‘Catalysing productivity and growth: A change in mindset on financial inclusion’ at StepChange Debt Charity’s annual partnership event, which was attending by MALG CEO Bob Winnington. Highlights included: Financial inclusion and growth need not be mutually exclusive. There cannot be genuine financial inclusion […]

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Money and Mental Health Policy Institute research exposes ‘aggressive’ Local Council debt collection practices and calls for action

13 Sep 2024 | Posted In Money advice news

Research published by the Money and Mental Health Policy Institute, the charity founded and chaired by Martin Lewis, reveals that around 2m people with mental health problems in the UK have fallen into a ‘council tax trap’ – missing one payment and then facing rapidly escalating debt collection activity, fees and charges when they are […]

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Credit Services Association report addresses reluctance of consumers to discuss debt

09 Sep 2024 | Posted In Money advice news

A new report from the Credit Services Association (CSA), the UK trade body for the debt purchase and collections industry, has found that public perceptions of debt enforcement are at odds with reality, with anxieties about talking to a debt collector about arrears out of line with the likelihood of enforcement proceedings. The report, entitled […]

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Christians Against Poverty publishes new deficit budgets report

06 Sep 2024 | Posted In Money advice news

Christians Against Poverty’s (CAP) latest briefing paper, ​‘Deficit budgets: The cost to stay alive’ explores the severe consequences of deficit budgets in households across the UK and pushes for urgent systemic change. A deficit budget happens when a household’s income (whether from wages or benefits) isn’t enough to cover essential living costs, such as rent, […]

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