The timing of advice and support for benefit claimants assessed as needing a special budgeting bank account to handle monthly payments under Universal Credit is crucial, according to a financial expert.
The Department for Work and Pensions (DWP) yesterday held a procurement day for national payment suppliers who have expressed interest in developing new budgeting accounts for vulnerable claimants, which would be offered when claimants sign on to Universal Credit.
The jam jar-style accounts –...
