Credit, Collections & Insolvency News
A huge shift towards carrying out everyday tasks online for millions of people during the pandemic has led to a devastating surge in scams, according to Which? analysis of Action Fraud figures. The rearch found that in the year to April 2021, 413,553 instances of fraud were reported to Action Fraud – an increase of…
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Older homeowners received a £1.94 billion property wealth boost in the first six months of the year as the equity release market continued its lockdown recovery, new data from equity release adviser Key shows. The number of equity release plans taken out rose by 3% in the six months to June 30th to 20,445 compared…
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The Bank of England’s quarterly Credit Conditions Survey saw respondents say that the length of interest-free periods on credit cards, for both balance transfers and purchases, had increased in the previous three months, with further increases expected in the next three months. Mortgage availability also increased in the three months to the end of May,…
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The Insolvency Practitioners Association (IPA) has announced the appointment of Paul Smith as Interim Chief Executive Officer (CEO). Smith replaces Michelle Thorp. Smith has enjoyed a long career in UK Financial Services, operating to Board level with a broad span of managerial responsibility. Commercially oriented with a strong track record of delivering results, Paul has…
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The Bank of England’s latest Financial Stability Report, released this week, points to the particular vulnerability of the SME sector as the economy emerges from Covid-19 restrictions. The twice-yearly reports, compiled by the Bank’s Financial Policy Committee, has warned about increased corporate indebtedness, in particular amongst smaller firms with weaker balance sheets. As the economy…
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Just, the enforcement market integrator, has announced the appointment of Josh Yorke MCICM to their operations division. Yorke joins the team as Head of Supplier Management bringing with him an array of skills spanning strategy, performance management, operational leadership and P&L management on behalf of a big six utility company. Commenting on the appointment Natalie…
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