The Government has announced plans to amend legislation around the future of pre-pack administrations, The legislation is the next stage in their efforts to improve stakeholder confidence in connected party pre-pack administrations and follows their announcement in October 2020 that they would introduce a number of reforms to this important business rescue tool. A key…

Governance and risk specialist Duff & Phelps has announced plans to transition the company name to Kroll. The company says that the new name and logo represent the firm’s rich history and breadth of services, delivering transparency, trust and objectivity to clients. Jacob Silverman Chief Executive Officer of Duff & Phelps, now Kroll said “This marks…

With the current furlough scheme expected to come to an end on 30th April more than seven in 10 (71%) SME leaders are calling for it to be according to research from Nucleus Commercial Finance. The research has found that larger businesses, those with between 50 and 249 employees are feeling the pressure the most,…

Nationwide Building Society has launched a new start-up challenge to help tackle the Poverty Premium. The company says that Covid-19 has had a detrimental impact on the finances of many households – a situation that will be exacerbated when the furlough scheme ends. Some estimates suggest that almost 700,000 additional people faced poverty during the…

Two in five families would fall into debt if the cost of their energy were to increase, according to the latest Household Financial Confidence Tracker from comparethemarket.com. If their energy bills were to rise, 44% of families with children at home believe that it would push them into debt with their energy provider– double the…

Latest card spending data published by UK Finance has revealed that online spending across credit and debit cards last November reached a proportion not seen since the first lockdown, in a month which included Black Friday sales and new coronavirus restrictions across the UK. Online card spending accounted for 38 per cent of the total…

New data analysis from Key has indicated shows that older homeowners gifted an average of £42,500 to younger relatives to help them get on or move up the property ladder in 2020. This is almost two-thirds of the average first-time buyer deposit (£57,278) and will have gone even further than before due to the stamp…

Fintech lender, Blue Motor Finance has announced a new partnership with challenger credit reference agency and Open Banking provider, Credit Kudos, to extend its services to even more customers. Blue is a technology-focused lender delivering innovative motor finance solutions for more than 150,000 customers. Leveraging Credit Kudos’ rich transaction data and insights via API integration…