More financially vulnerable people will be able to avoid the most drastic formal debt solution after the Government announced plans to increase the minimum level of debt that can force people into bankruptcy to £5,000 later this year.
Three-quarters of low income families struggled with their energy bills last year, jeopardising the health of their children, according to charity Turn2us.
The impartial guidance that will be offered alongside the pension changes coming into force in April will go under the name Pension Wise, the Government has announced.
Students expecting the next instalment of their maintenance loan in January are being warned to be wary of phishing emails that attempt to steal the money as a spike in scams is predicted.
More than 4,500 customers of debt management firm Harrington Brooks will be paid redress after the Financial Conduct Authority (FCA) found communications from the firm to creditors on some customers' behalf were delayed.
Many pensioners are missing out on a higher retirement income as annuity providers aren't doing enough to encourage customers to check if they can get a better deal elsewhere, the Financial Conduct Authority (FCA) has said today.
People under 75 who die having started to draw an income from certain types of annuities from April next year will have that money passed on to a beneficiary tax-free.
3 December 2014
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