April 2016

Could your family survive an “income shock”?

The unexpected has happened: Coping with a reduced income

There is no typical person who is most likely to get into financial difficulty. It can literally happen to anyone, at any time. 

The UK suffers first rise in unemployment in seven months

A report by the Office of National Statistics (ONS) shows the UK’s unemployment total climbed by 21,000 to 1.7 million in the three months to February.

This increase in the jobless rate was the first since August 2015. The claimant count, which measures people receiving out of work benefits, also made its first shift since August, rising by 6,700 in March.

How should the financial sector serve the ageing consumer?

The number of people aged 65 and over is projected to rise by over 40 per cent in the next 17 years to over 16 million*

As breadwinners become retirees, how can banks and other financial establishments change their practices to support them?

Bankruptcy moves online

Bankruptcy used to mean a visit to the court, but new rules mean it can now be done online.

On the 6th April 2016, the bankruptcy application process was changed. So how do you apply for bankruptcy? If you have been advised that applying for bankruptcy is the best option for you, below is an overview of these changes and how they might affect you.

The impact of money management lessons

Why is teaching children about debt and money so important?

We spoke to Parish Church of England School in St Helens, who have become a DebtAware Accredited Money Management School, on their involvement in the programme and what benefits the lessons have had for their pupils. 

What happens when Debt Management Companies shut down?

Since the Financial Conduct Authority (FCA) assumed responsibility for regulating consumer credit firms in April 2014 and introduced tighter controls in order to raise standards in the sector, over 100 firms have closed their doors.