New research from NS&I has revealed that 14% of Britons (7 million people) think they may have lost track of a financial product, highlighting the staggering amount of money left dormant with UK financial services providers. And it’s not just savings accounts, with a fifth (20%) admitting there is a possibility that they have lost…

The Treasury Committee has published its response to the Household Finances Report from July. Commenting on the response, Rt Hon. Nicky Morgan MP, Chair of the Treasury Committee, said “In its report, the Committee expressed concern about the over-zealous debt collection practices of public authorities. The Government’s rehashing of existing policies in its response adds…

Fraud prevention service, Cifas, has released startling new figures showing a marked increase in the number young people falling victim to identity fraud. The new figures reveal that Cifas members identified a 24% increase in cases of under-21-year-olds falling victim to impersonation fraud in the first nine months of this year, a significant rise from…

More than a quarter of UK consumers would be happy for service providers to share their personal data with other suppliers or third parties, according to new research. The findings were reported in a study completed by outsourced customer contact specialist Echo Managed Services. The company surveyed 1,000 UK residents on their knowledge and attitudes to debt and asked…

The legislation for the introduction of The Debt Arrangement Scheme (Scotland) Amendment Regulations 2018 has been approved by Scottish parliament and signed by Jamie Hepburn MSP Minister for Business Fair Work and Skills. The regulations will come into force on 29th October 2018. and will allow for a more sustainable and flexible scheme, making it…

New statistics published by StepChange Debt Charity have laid bare the alarming scale and changing nature of problem debt in the UK. They show that 326,897 people contacted the charity for help with their debts in just the first six months of 2018. Of the 180,644 who received full debt advice and a recommended debt…

In its state of the nation report, Poverty in Scotland 2018, the Joseph Rowntree Foundation (JRF) has warned that one in four (230,000) children in Scotland live in poverty. The report comes as Challenge Poverty? Aye we can! gets underway, a campaign by the Poverty Alliance which shows how poverty in Scotland can be solved and allow everyone to take part…

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