FOS issues Q3 data and it’s not happy reading for guarantor, payday and instalment lenders
In recent years, the Financial Ombudsman Service (FOS) has reported significant increases in the number of complaints being made about consumer credit. However, a comparison of the data for the [...]
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 [...]
Does Your Business Need FCA Compliance Assistance?
There are a lot of obligations you need to fulfil as a business owner, and it’s important to think about the legalities that come with running your own business. If [...]
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 [...]