Credit, Collections & Insolvency News
It is clear that myriad challenges will exist for lenders implementing IFRS 9 this year. A number of banks identified many issues within their classification and measurement approaches due to complexity faced within the application of the SPPI (Solely Payments of Principle and Interest) guidance given. Another key challenge raised is agreeing a testing approach and…
Read moreMasthaven has announced it has appointed two new underwriting managers to join its first and second charge mortgage teams Daniel Miller has been recruited as underwriting manager for the bank’s second charge mortgage team and arrives after holding a similar role within the market at Prestige Finance. Jason Finch has been appointed to Masthaven’s first…
Read moreAldermore has announced the appointment of Rebecca Bunyan as Chief Information Officer (CIO). In her new role as CIO, Bunyan is responsible for the Bank’s technical infrastructure, IT operational excellence and superior delivery capability. Prior to joining Aldermore, Bunyan held a Group Operating Officer role within the insurtech industry and was accountable for software development and…
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Anglia UK, is celebrating two decades of solid growth by employing new staff. Anglia was set up by Managing Director Mark Scotney in 1997 as a small firm specialising in vehicle repossessions for the car finance industry. Since that time it has grown steadily to the point that it now employs 85 people with an annual…
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The UK wastes a whopping £17.6 billion a year by letting money leach away on takeaways, snacks, coffees, ready meals and items and services which aren’t used – that’s an average of £360 of unnecessary spending per person, per year. New research commissioned by Gocompare.com Money identified takeaway food and drink as key areas where…
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Marston Holdings has announced that Chris Badger is to join Burlington Group as Director of High Court Services. Badger, one of the youngest people to be appointed an Authorised High Court Enforcement Officer in 2007 at the age of 29, has worked in the industry for over 14 years. In 2013, Badger was appointed to…
Read moreIntegrated property services group Styles & Wood has appointed Ian Wilson as managing executive of governance, risk and compliance (GRC) software as it targets new growth opportunities for its established technology business. Wilson joins Styles&Wood Technologies with 27 years’ experience in the financial services, industry, including senior business development roles at software providers Hitec Laboratories, Sopra Group…
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Weightmans and Ward Hadaway have issued a joint statement addressing merger discussions: “The legal market is changing and it is always sensible to look at opportunities that might benefit a business, its clients and its staff so Weightmans and Ward Hadaway are currently talking to each other to see if there are benefits of working…
Read moreBanks and financial institutions must change the way they operate to give customers with mental health problems equal access to good customer service, a leading mental health think tank has urged. New research fully demonstrates for the first time how financial capability – people’s ability to manage everyday financial tasks like paying bills or budgeting –…
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