Short-term savings are priority
Food banks will roll out a money and debt guidance service to consumers funded by a donation from MoneySavingExpert founder Martin Lewis.
The Financial Conduct Authority (FCA) has frozen the bank accounts of three debt management firms to protect customers' money.
The Money Advise Service (MAS) has defied MPs' denunciation of its digital strategy by serving more online customers in the last year than "ever before" and surpassing satisfaction levels, according to its annual results published today.
A report commissioned by the Financial Conduct Authority (FCA) has accused debt management companies (DMC) of blurring the boundaries between financial advice and sales and pressurising consumers to opt for their products.
Problem debt is on the increase among older clients. Fiona Murphy asks: What are the most common types of debt and how could this be mitigated in the advice process?
Collapsed private debt management firm DebtDr owes £600,000 to its clients, a BBC investigation has revealed.