Broker

Debt management firms will have to provide consumers with clearer information on services and fees, under new guidance published today by the Office of Fair Trading (OFT).

Firms that charge fees for finding hard-up consumers a loan will have their activities curbed, after the Office of Fair Trading (OFT) found some pocket cash without carrying out the service.

Consumers have been urged to contest rising fees levied by insurers for policy changes that can add up to £110 a go.