Information Updates

 

 

TOPIC

SPECIFICS

CONCLUSIONS

Financial

PPI

Please note that the deadline for claiming your PPI is 29th August.

Consumer

TV Licences

Free TV Licences will end for the over 75’s from June 2020. If you are in receipt of Pension Credit you will be exempt.

Consumer

Loyalty Penalty

To help avoid the Loyalty Penalty, OFCOM announced all Broadband, Pay-TV, Mobile & Landline customers will must be advised when their contract is near its end. They must be given their Provider’s best alternative price. This will come into force in February 2020.

Consumer

Holidays

Almost 1 million people reported that they were looking for help with lost luggage & flight delays according to Citizens Advice Bureau.

Benefits

Universal Credit

UC problems are very common with lots of negative headlines – this has not been helped by a reduction of 20% less DWP staff.

Debt

Overdrafts

The Financial Conduct Authority announced reforms to make the cost of overdrafts fairer and simpler to understand, with only one APR rate to be advertised. Over 26 million people in the UK used an overdraft in 2018.

Debt

Breathing Space

The Treasury announced that problem debtors will get a 60-day breathing space, with interest and charges frozen, to begin in 2021 so there is a while to wait.