The Open Banking initiative commences on 13th January 2018 and was created by the Competition and Marketing Authority, who identified many customers are paying more than they should for their banking activities.
My monthly goals are set for the New Year before Big Ben chimes on New Year’s Eve. Typically, I set small achievable goals for different areas in my life, so I see small results and I don’t fail by first week in February. I still like you, assist clients set goals with budgets every day
Michael Lyttle explains how the impact of recession, welfare reform, spending cuts and unemployment is severely effecting the already disadvantaged members of society that we serve. Michael explains some superb Apex initiatives.
Financial Capability refers to our ability to manage money well day to day, prepare for and manage life events, and deal with financial difficulties. It also focuses on our financial skills and knowledge as well as our attitudes and motivation.
More vulnerable, poorer borrowers who maybe have zero-hour contacts or self-employed, part time work will be less able to repay the lump sum of their mortgage are likely to be seeking advice, which is why the FCA is ramping up efforts to encourage banks and borrower seek new arrangements.
With sole traders and small businesses struggling due to lower consumer spending, higher rates and other overheads, higher wage costs and the looming Brexit uncertainty, saving may seem like an extravagance that many just cannot afford.