Credit, Collections & Insolvency News
Consumers are set to pay, on average, an estimated £333 more for their energy over the next year if they roll over on to a standard tariff, as 70 fixed price tariffs come to an end in Q2 2017, equating to nearly a whopping £200m “inertia windfall” for energy companies. comparethemarket.com’s data shows that there…
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PayPlan is urging for more to be done to end the stigma surrounding financial difficulties. The call comes as part of Mental Health Awareness Week which is taking place between the 8th and 14th of May. According to a national survey of 9,000 of its customers, PayPlan found that a staggering 91 per cent experience stress as…
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Zopa has been granted full authorisation by the Financial Conduct Authority (FCA) for peer-to-peer lending. Giles Andrews, co-founder and Chairman of Zopa said “Zopa, both individually and as a founder member of the Peer-to-Peer Finance Association (P2PFA), has campaigned for peer-to-peer lending to be a regulated activity for a number of years. We are delighted to…
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The Central Bank of Ireland has published a consultation paper on the investment framework for credit unions. Under existing regulations, credit unions can invest in a range of specified investment classes. These include government securities, bank deposits, bank bonds and collective investment schemes made up of these instruments. These are subject to specified maturity and…
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