Credit, Collections & Insolvency News
An independent study commissioned by Dun & Bradstreet has shone a light on the complexities of the modern Financial Leader role – highlighting a community under intense pressure to balance traditional accounting tasks with more strategic revenue-generating activities. Of the 200 UK Financial Leaders surveyed, almost three-quarters (71%) believe finance teams are under too much…
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The Board of the Financial Conduct Authority (FCA) has appointed an additional six members to the FCA’s Regulatory Decisions Committee (RDC). The newest members appointed to the RDC are Karen Johnston and Nick Lord. They join Stuart McIntosh, Philip Marsden, Robin Mason and Malcolm Nicholson who were appointed last year. The RDC is responsible for…
Read moreLoan guarantor provider TrustTwo has announced a deal with Callcredit Information Group, to access its credit risk, affordability and ID verification solutions. TrustTwo offers consumers who find it difficult to obtain credit on their own, a competitively priced alternative to meet their financial needs. Access to Callcredit’s Callvalidate, CallReport and Affordability Report services helps to…
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Ward Hadaway and Weightmans have today announced that they have mutually agreed to withdraw from their merger discussions. According to a statement, both firms could see undoubted benefits of the merger and have a great deal in common around culture and values. Following discussions, however, both firms reached a consensus their respective strategic priorities were not…
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Duff & Phelps has appointed Allan Graham as Managing Director of its Restructuring Advisory practice. Graham will focus on Duff & Phelps’ mid-market restructuring and insolvency cases nationwide. Graham joins Duff & Phelps from KPMG, where his 27-year career included 19 years as a Restructuring partner. Having been based in the Midlands for half of…
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The Financial Services Compensation Scheme (FSCS) has stepped in to protect members of Yoker Credit Union Limited, which has stopped trading. The credit union is now in default. This means it cannot re-pay deposits to its 1200 members. FSCS will compensate the vast majority of members within seven days without them having to lift a…
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Energy UK has commented on proposed intervention in retail energy market. Lawrence Slade, chief executive of Energy UK said “Only last year, the Government’s own competition regulator decided against introducing a wider price cap, instead opting for a cap for prepayment customers which came into force this month. “Intervening further would undermine so many of the…
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