Money and Pensions Service publishes ‘young people and money’ report
Money and Pensions Service (MaPS) has published a new report entitled ‘Young people and money: a review of young people’s use of online information and advice’. The UK Strategy for Financial Wellbeing sets a goal to ensure that two million more children and young people growing up in the UK receive a meaningful financial education […]
Read MoreYorkshire Building Society teams up with Citizens Advice to pilot one-to-one support service
Yorkshire Building Society is teaming up with Citizens Advice to launch a pilot scheme where Citizens Advice advisers will be available in branches. The six Yorkshire Building Society branches running the nine-month pilot scheme are Barnsley, Castleford, Leeds, Rothwell, Wakefield and York. The advisers will offer to support members of the public with a range […]
Read MoreNew £2.4m pilot for people in mental health crisis to help avoid spiralling debt
The Money and Pensions Service (MaPS) has launched an innovative new pilot to help people in mental health crisis avoid worsening debt problems, as part of its increased funding for debt advice in 2021/22. The government-backed MaPS has committed £94.6million overall in 2021/22 to support vital debt advice services as people continue to grapple with […]
Read MoreNew scheme to give people in problem debt breathing space launched
Hundreds of thousands of people struggling with debt problems will be supported through a new debt respite scheme that launched today (4 May 2021). around 700,000 people struggling with problem debt to benefit from Breathing Space this year scheme will give those facing financial difficulties 60 days to get finances back on track – without […]
Read MoreNew Financial Services Bill receives Royal Assent
The UK has taken an important first step in shaping its own financial services regulation outside the EU with the new Financial Services Bill receiving Royal Assent. The Bill, which is now an Act, will ensure the UK remains an open and dynamic financial centre, with the highest regulatory standards, and protect people across the […]
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