Credit, Collections & Insolvency News
The Bank of Gran and Grandad gifted £437.3 million towards buying homes for younger relatives over the last 15 months, during the stamp duty holiday, according to equity specialist company Key. The relief from the tax ended on 30th September but during that time over-55s have given almost £1 million a day to younger family…
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Optimum Finance has announced that it has recruited the former Interim Small Business Commissioner (SBC) as a Non-Executive Director. Philip King, who was also the former Chief Executive of the Chartered Institute of Credit Management (CICM), is joining Optimum. King has worked in the credit industry for more than 40 years and is an acknowledged…
Read moreBanking and specialised financing software specialist company, Sopra Banking Software has announced that it has acquired Dublin-based Luminosity. Sopra Banking Software has acquired 100% of the share capital of Luminosity’s digital inventory auditing and ‘self-audit’ solution SOAR supports a broad range of lender and leasing organisations in the risk management of assets subject to finance. …
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New research by Citizens Advice has warned that energy customers face being hit with a £30-a-month price hike when their energy company ceases to trade. The charity says people will face ‘desperate choices’ this winter without targeted support. The research has shown that people who get moved to a new energy company because their supplier…
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Nearly two thirds (64%) of furloughed adults have received some form of support beyond financial while being on furlough, research from Canada Life has revealed. With the scheme drawing to a close at the end of September, the findings demonstrate employers’ commitment to supporting their employees throughout the pandemic. Among those workers who received consistent…
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