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 [...]
ICO clarifies Brexit position
Brexit has, of course, finally happened. Although 11pm on January 31 was certainly a huge moment in the nation’s history, very little has changed in practical terms so far, as [...]
CCJs and IVAs at record high
More evidence of rising debts amongst UK households comes as studies suggest the numbers of County Court Judgements (CCJs) and Individual Voluntary Arrangements (IVAs) have reached record highs. There were [...]