David Moloney, the founder of Internal Consulting Group and the head of its global financial services practice, says the changes being implemented fit with his analysis of the evolution of the financial system. He says the financial system is going through three eras: detriment reduction, competition and the betterment of society. He says the Hayne…
South Lakes Citizens Advice is acharity that is there with advice and support for everyone. Citizens Advice sees more people dealing with many different types of problems and challenges in their lives than any other organisation. At worst some of the difficulties people experience can be ruinous to their lives and relationships, resulting in, for…
Jan 02, 2019 , 7:52AM RBI offers relief to MSMEs; allows restructuring of debt up to Rs 25 crore RBI Logo Reserve Bank has allowed a one-time restructuring of existing debt of up to 25 crore rupees for the companies which have defaulted on payment but the loans given to…
Retirement plan sponsors are increasingly demanding value-add services from their advisers. Our Beyond(k) column in PLANADVISER print this year explored a few of the most popular new products and services sponsors are requesting. HSAs in Retirement Planning Health savings accounts (HSAs) have become more prevalent as more employers have turned to high-deductible health plans. High…
Its Christmas time, and the period immediately after, that is a cause of concern for many when it comes to spending and paying back amounts owed. According to a recent study produced by Moneysupermarket.com, anxiety over debts remains high in the UK, with over half of us believing it will take three years or more…
Tis the season to contemplate New Years resolutions. With 44.5 million student loan borrowers in the U.S. owing a total of $1.5 trillion, student loans are certain to be a factor in most financial wellness resolutions. Not only are more people in debt, but people are deeper in debt because of higher education. Average debt…
Overspending over Black Friday, Cyber Monday and the Christmas holidays will have “severely negative consequences” for overly indebted consumers, a debt counselling expert has said. Acknowledging the brief relief brought from the decrease in fuel prices in December and now January, CEO of Debt Rescue Neil Roets also pointed out that consumers are not yet…
By Marianne Storey, CEO, Dorset Mind THERE is a well-known correlation between mental health and debt issues. For many, January is without doubt the hardest time of year. Overspending during Christmas makes managing money even harder and worrying about the fall-out from the festive season can make people who experience poor mental health, even worse.…
DEBT is an essential part of any business. All companies should have some amount of debt to help finance its growth and investments for the longer term. It is an efficient way of managing the balance sheet. But taking on too much debt can restrict a companys operational flexibility, and increase its risk of financial…
You had a great Christmas. You enjoyed picking the best gifts for the people you love, you ate and drank well, and you caught up with friends and family you havent seen for ages. But somewhere between the Christmas day nap and sales browsing came the creeping realisation that your finances are about as healthy…