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Consumers `increasingly experiencing debt problems` Over-50s `better at managing credit card debt` New banking rules `may restrict access to loans` UK `must reduce consumer debt` 700k `on Debt Management Plans` Recession `could lead to financial problems for retirees` Charity sees increase in debt, mortgage and loan arrear enquiries Retirees` finances `may be damaged by rate cut` Consumers `aiming to reduce spending` People `increasingly turning to illegal loans` Children raised in credit crunch `may be better able to manage money` Many parents `pushed into debt by adult children` Young people `failing to protect themselves for debt repayments` Consumers in East Midlands `relying less on debt to fund lives` Plans set out to help people in debt PPI ban `could leave consumers without loan cover` Govt `must step in to stop debt addiction` Cash-strapped Brits `see fraud as more acceptable` People `should not rely on mortgage rescue plan` Consumers `to take out £3bn in debt consolidation loans by Easter`

Govt pension plans `will increase financial worries`

26/02/2008

Government proposals to raise pension liabilities will "undoubtedly" increase the cost of defined pension schemes and force many workers into debt consolidation schemes, an expert has suggested.

Last week, the Pensions Regulator published a draft statement on the regulation of defined benefit pension schemes that set out a new approach to looking at mortality assumptions.

As a result, the Pensions Advisory Service (TPAS) has stated that while such alterations are "realistic", they will force many into financial problems, with little guaranteed income at the end of their working life.

Des Hamilton, technical director for TPAS, said: "This is seen by some as another nail in the coffin for defined benefit schemes but all that`s happening here is the regulator is telling trustees to have a more realistic approach to this issue of what sort of account assumption they make in terms of valuing their pension schemes."

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according