Credit, Collections & Insolvency News
New research by the Financial Services Compensation Scheme (FSCS) shows that almost two-thirds of respondents feel reassured knowing that FSCS protects their money if their bank, building society or credit union fails. On 30 January 2017, the FSCS protection limit increased from £75,000 to £85,000 following a consultation from the Prudential Regulation Authority. The research by…
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New nationally representative research across 2,000 UK adults from Asset Match has revealed resounding consumer confidence towards British businesses in light of Brexit negotiations triggered on 29 March. It found: 53% of UK adults – 27.21 million people – think Brexit will open up new opportunities for UK companies to expand globally This figure rises to 65%…
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The Money Advice Trust has today announced details of the three projects that have been successful in applying to its Innovation Grants programme and will be supported by the organisation over 2017/18. The programme funds innovative advice projects to improve the quality and range of money and debt advice across the UK. The successful projects…
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Stephen Jones has been appointed Chief Executive Officer of UK Finance. UK Finance is the new financial services trade association due to launch this summer. UK Finance will merge six trade associations: The Asset Based Finance Association, British Bankers’ Association, Council of Mortgage Lenders, Financial Fraud Action, Payments UK and the UK Cards Association. Jones has…
Read moreThe slowest-paying local councils took on average 38 days to pay their suppliers last year, says new research by the Asset Based Finance Association (ABFA), the body representing the Invoice finance and asset based lending industry in the UK and Ireland. Payment times to suppliers by local councils have remained persistently high in the past…
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