Credit, Collections & Insolvency News
A nationwide study of the financial wellbeing of UK workers ‘The DNA of Financial Wellbeing 2017’ report has revealed that 31% cite finance as their biggest concern. However, nearly half of HR directors think that their employees biggest concern is work life balance (48%) and career development (43%), demonstrating a mis-alignment between employee and employer. The…
Read moreBuilding Societies continued to approve one in three new mortgages across the UK in the first three months of 2017, and to provide a third of loans made to first time buyers according to latest statistics provided by the Building Societies Association (BSA). Gross lending by the sector was down 15% compared to last year…
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The new chair of the Institute of Money Advisers (IMA) is calling for the introduction of an advanced qualification to enhance the free-debt advice sector Jane Clack, a money adviser at PayPlan, was elected with a majority of 56% and takes the role for a three-year term. Clack has been a member of the IMA…
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Iwoca, and PayU, a leading payment service provider, have launched an innovative collaboration aimed at making it easier for small and medium-sized (SME) entrepreneurs, particularly those in the eCommerce and eService industries, to obtain financing for growth. The collaboration marks the first venture of this kind in the European fintech market. The new solution enables…
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A new credit union, supported by the Retail Trust, has been launched. RetailCURe enables retailers to ensure that their employees can access responsible and affordable credit and savings products. RetailCURe offers rates on savings accounts; one per cent on instant access, two per cent on 6-month accounts and three per cent on one-year deposits. Savers…
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A lack of understanding and trust in technology is stalling mainstream adoption of innovative new services which could make millions of people’s daily lives simpler and more secure, new HSBC research reveals. A new HSBC research report, Trust in Technology, shows that technologies such as fingerprint recognition, voice recognition and robo-advice hold enormous potential for…
Read moreIn the world of mental health I wear many hats. I’m a clinical psychologist. I’m an academic. And I’m a service-user, I have a diagnosis of bipolar disorder myself. So my latest research, on the links between bipolar disorder and spending, is something very close to my heart. The background Bipolar disorder is a mental…
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More than one in ten (12%) Britons have had to cancel a credit or debit card in the past year due to online fraud, according to new research by comparethemarket.com. The latest statistics show a worsening state of affairs when it comes to cybercrime, with the number of people cancelling cards rising from 4.5 million…
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