Credit, Collections & Insolvency News
Business Peer to Peer (P2P) platform, Growth Street, as announced that it is nearing the completion of its solvent wind down and will shortly enter liquidation. The announcement follows the return of 100% of peer-to-peer (P2P) investor funds and a ‘highly successful’ recovery process. Growth Street was launched in 2015 with the mission to support…
Read more
Radical changes to the UK’s social security safety net during the pandemic should prompt a wider public debate about its successes and failures, and how Britain’s post-pandemic welfare system can be further improved, according to a new Resolution Foundation report. With the crisis prompting the Government to introduce radical new policies, such as the Job…
Read more
Newly released government figures show 12.5 per cent of households in England are estimated to be in fuel poverty in 2021. The projection represents a reduction from the figure in 2019 of 13.4 per cent (3.18 million), which Business, Energy and Industrial Strategy Committee (BEIS) attribute to the progress in energy efficiency. The aggregate fuel…
Read more
The UK has taken an important first step in shaping its own financial services regulation outside the EU with the new Financial Services Bill receiving Royal Assent. The Bill, which is now an Act, will ensure the UK remains an open and dynamic financial centre, with the highest regulatory standards, and protect people across the…
Read more
The number of empty shops has risen, with one in seven now vacant, according to new research by the British Retail Consortium (BRC). The quarterly report found that in the first three months of 2021, the overall vacancy rate increased to 14.1%, from 13.7% in the previous quarter. This was 1.9 percentage points higher than…
Read more
New technology company Connected Data and Data On Demand have announced a partnership that aims to help organisations reduce and prevent debt, and treat customers fairly. The partnership will enable Data On Demand’s consumer data sources to be combined with the latest business intelligence, analytics and artificial intelligence capability from Connected Data. Simon Gregory, Sales…
Read more
Redwood Bank has announced the appointment of Sebastian Mrotzek as its new Director of Operations. Mrotzek has nearly 20 years of experience in the financial services sector and has worked in multiple roles across commercial Banks, start-ups and regulators. Prior to his new role, he was working for a London-based Fintech start-up during its banking…
Read more
Financial Wellness Group has announced that it has created the Financial Wellness Group Foundation. The Foundation has the mission of improving financial wellbeing in the UK through donations, advocacy, research and campaigning. In particular the Foundation will support the financial education of young people and adults to help equip them with the skills they need…
Read more