CF Consultants, run by Riaz Ali and his wife Shomaila, had previously given corporate and commercial financial advice to businesses but has now lost its consumer credit licence. Officials from the Office of Fair Trading (OFT) took action against the…

The Bank of Ireland’s study on the island’s wealth claims that despite household debt levels, Eire’s economy should continue to grow. “Much has been made of the level of indebtedness in the Irish economy, with the pace of growth in…

Anthony Brookes, 40, of no fixed address, has been jailed for over six years after admitting stealing £250,000 using stolen credit cards and wallets. “He has a long-standing gambling problem and was in a substantial amount of debt,” said his…

A typical portfolio of a mortgage, current account, savings product, loan and credit card could incur as many as 110 penalty charges, Moneysupermarket has found. Stuart Glendinning, managing director at the website said that it was “unbelievable” that there were…

Friends Provident’s new report on lifestyles found that many parents are spending their children’s inheritance to the tune of £240 billion each year. Jeremy Ward, head of pensions marketing at Friends Provident, called for a balance on saving and spending:…

Bev Budsworth of The Debt Advisor said that in addition to letting children leave home without knowing how to boil an egg, materially well-off parents are failing to prepare children to living on their own financially. “Teenagers who are given…

Over 21 million adults – 46 per cent of the Defaqto survey – said they do not want or believe they would ever need financial advice. Neil Morgan, Defaqto’s sales and marketing director, appeared concerned over these findings: “It is…

According to JP Morgan, a quarter of 18 to 34-year-olds would opt out of the government’s proposed National Pension Savings Scheme to pay off short-term issues such as debt or even pay for a holiday. “The statistics show that young…