Regulated mortgage robo adviser,MortgageGym.com has announced that Henry Ritchotte, former Chief Operating Officer and member of the management board of Deutsche Bank AG, has joined with immediate effect as investor and adviser to the company. Ritchotte has also made a personal investment of £500,000 in MortgageGym. He has over 24 years’ experience in the investment banking…
Read moreHere is an overview of The Money Charity’s latest statistics for July 2017: Personal debt in the UK People in the UK owed £1.537 trillion at the end of May 2017. This is up from £1.489 trillion at the end of May 2016 – an extra £929.97 per UK adult Based on May 2017 trends, the UK’s…
Read moreNew Association, UK Finance has announced its board of directors. Stephen Jones, chief executive of UK Finance, said: “The boundaries between banking services are blurring, enabling the industry to become more efficient and customer-focused.” For the UK’s finance and banking sector, these changes present new opportunities and fresh challenges which require a coordinated voice to best…
Read moreThe Financial Conduct Authority (FCA) has published proposals on how consumer credit firms should manage risks related to how they pay and manage the performance of their staff. The FCA expects all firms to consider the way they pay and incentivise staff, and ensure they manage any potential harm to consumers. The FCA is consulting…
Read moreDundee City Council has announced that iut has lost out on more than £3 million owed to it by business owners last year. The local authority was forced to write off £3.012m it was due from traders in the city in 2016/17, a fivefold increase from the level in 2012. A number of trading chiefs…
Read moreCitizens Advice has said that extending the prepayment meter cap to those eligible for the Warm Home Discount is “the best way to protect the worst off.” The national charity has been calling for the price protection for the most vulnerable since 2014 and has welcomed the announcement from the regulator Ofgem that will consult…
Read moreOfwat has announced the appointment of Emma Kelso as Senior Director, Customers and Casework and Lisa Commane as Senior Director, Business Improvement. Commane joins Ofwat after 10 years at Ofgem where she has been responsible for wholesale markets, was a member of Ofgem’s Enforcement Oversight Board and has also worked on retail markets. She previously…
Read moreThe Insolvency Practitioners Association (IPA), Royal Institution of Chartered Surveyors (RICS), and the Non-Administrative Receivers Association (NARA) have announced the re-launch of their joint initiative with updated and extended regulation of property receiverships. A new Memorandum of Understanding provides for some important changes which should increase transparency and reassure stakeholders. All Registered Property Receivers will…
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