The government has unveiled its plan to tackle the relative lack of financial capability among consumers across the country. As part of the so-called Financial Capability Action Plan, the Treasury and the Financial Services Authority (FSA) will be aiming to…

Bad borrowing decisions can have effects that last for years and even decades, it has been suggested. According to Wendy van den Hende, chief executive of the Personal Finance Education Group, young people often make decision to borrow money that…

Elderly parents are adding the financial strain for almost 1.7 million adults around the UK, a new report has suggested. With millions of people already facing debt management difficulties, close to one in ten are using their own cash to…

Young British consumers need help with their debt management issues as early as possible, it has been claimed. According to the Nationwide Building Society, teenagers and young people in Britain are increasingly using debt as a way to fund their…

The Financial Services Authority (FSA) has launched a new website intended to help young British consumers who are struggling to deal with their debts or finances in general, it has emerged. Dubbed the “What About Money” website, the FSA’s latest…