Money Guidance service in demand - CII

The survey by the Chartered Insurance Institute (CII) found 45% of people would use the proposed Money Guidance system of generic financial advice. It says concerns about the credit crunch have made the need for such a service more apparent, with many consumers concerned about their finances. More than half of all respondents felt less financially secure due to the state of the economy, and a third were worried they might lose their jobs. The survey also found 65% of consumers would struggle to meet the debt obligations with even a modest rise in interest rates, while one in ten homeowne...