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FCA bans referral fees for debt packagers to help struggling consumers

05 Jun 2023 | Posted In Money advice news

Regulator the Financial Conduct Authority (FCA) is banning certain providers of debt advice from receiving referral fees from debt solution providers. The ban should save consumers struggling with debt thousands of pounds in unnecessary fees and ensure they receive better quality advice. It will put a stop to the business model which incentivises debt packagers […]

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Counting the costs: Money Advice Trust publishes reports n the impact of the cost of living on its clients

02 Jun 2023 | Posted In Money advice news

Money Advice Trust’s new Counting the costs and Shrinking margins briefings shine a spotlight on the impact the cost of living crisis is having on callers to its National Debtline and Business Debtline advice services. Based on findings from Money Advice Trust client surveys, these briefings outline the challenges that callers face as the cost of essentials […]

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New report on ‘unravelling the cost of living spiral’ published

30 May 2023 | Posted In Money advice news

A new Financial Health Report ‘Making Ends Meet: Unravelling the cost of living spiral’ using data insights from Equifax and TDX in partnership with the Centre for Social Justice, with collaborations from Vulnerability Registration Service and Policy in Practice, has been published. It examines whether maximising income and improving accessibility to social tariffs could help consumers […]

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Bob’s Blog: MALG update May 2023 (including NEW Member Engagement Survey)

18 May 2023 | Posted In Bob's Blog (MALG updates)

Hello again to all our Members and Associates!For those of you who aren’t yet aware, we launched the very first Annual MALG Member Engagement Survey which you have until 16 June 2023 to complete – read on for more details on this, the MALG Conference 2023, and other news…   NEW MALG Member Engagement Survey now […]

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Ofgem publishes consultation on framework for consumer standards and policy options to address priority customer service issues

05 May 2023 | Posted In Money advice news

Energy regulator Ofgem has published a consultation on its framework for consumer standards and policy options to address priority customer service issues. With many consumers struggling with their bills, it is more critical than ever that energy suppliers provide good service to their consumers. Building on the existing rules and the outcomes from its Market […]

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