Before Christmas, figures from Abbey Savings revealed that almost 60% of British residents planned to spend less at Christmas, and 42% planned to cut back on gifts for friends and family, The Financial Times reported. However, was this actually the case? Recent research by over-50s group Saga found that...

An article in The Irish Times described how the personal debt system in Ireland is in need of ‘urgent reform’ to ‘drag it into the 21st century’. The article looks at whether something similar to an IVA (Individual Voluntary Arrangement) could be brought in as a short-term solution to...

The Scottish Government has ‘retreated from a proposal to part-nationalise the management of personal insolvencies by transferring work from the private sector to its agency the Accountant in Bankruptcy (AiB)’, heraldscotland.com reports. The part-nationalisation would have made up part of...

According to figures from Nationwide, a quarter of consumers are not saving any money at all, headlinemoney.co.uk reports. “With no savings to their name,” an IVA expert for the IVA Forum said, “consumers are clearly at risk of falling into debt if any unexpected costs...