FCA highlights its expectations in the credit card sector
The treatment of customers in persistent debt is the latest issue to be covered in a ‘Dear CEO’ letter from the Financial Conduct Authority (FCA). The letter, written by Philip Salter [...]
MAPS examines the future of debt advice and launches wellbeing strategy
The Money and Pensions Service (MAPS) has launched a comprehensive ten-year wellbeing strategy, known as ‘The UK Strategy for Financial Wellbeing’, with the ambitious objectives of “transforming the lives of [...]
Trade association conducts forum on the future of financial advice
The Personal Investment Management and Financial Advice Association (PIMFA) recently held its 2020 Financial Adviser Forum in London. Present at the Forum were around 100 financial advisers and wealth managers. [...]
Credit reference agency calls for more financial education following its survey
TransUnion, one of the largest credit reference agencies, has published a report looking at current trends in the UK credit sector. The company’s UK CEO, opens his foreword by warning [...]
Firms to be required to provide 60 days breathing space to those in problem debt
The Government is to table legislation that will prevent lenders and debt collectors from pursuing consumers with serious debt problems during a 60-day period. In addition, the interest and charges [...]
Firms urged to consider signing up to vulnerable customer register
With the Financial Conduct Authority (FCA) seemingly mentioning customer vulnerability more frequently than ever, the Vulnerability Registration Service (VRS) is encouraging credit firms to sign up to its Register. Once [...]