Credit, Collections & Insolvency News
An estimated 2.1 million households missed or defaulted on at least one mortgage, rent, loan, credit card or bill in the last month according to new research from consumer group Which? This marks the sixth month this year that an estimated 2 million or more households have missed a payment. Although those on lower incomes…
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The Consumer Council for Water (CCW) has published a report charting the progress that has been made over the past year in delivering the proposals set out in its independent review of water affordability on behalf of the UK and Welsh Governments. The report shows 6 of its 10 key recommendations have been implemented as part…
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While the majority of older households own their home outright, a quarter still have either rent or mortgage payments, according to the Department for Levelling Up, Housing and Communities’ latest survey. The research found that the majority of older households own their home outright, but a quarter still have either rent or mortgage payments. In…
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KMPG has announced that Brian Horn, Chris Coley and Paul Richards have joined the firm and will be working within its Special Situations and Turnaround team based in London. Their primary focus will be on helping to preserve and restore value to organisations that may be facing a period of financial uncertainty. The team’s expansion…
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HM Treasury has announced the appointment of Ashley Alder as the new Chair of the Financial Conduct Authority (FCA). Alder is currently Chief Executive Officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011. Alder also chairs the Board of the International Organization of Securities Commissions (IOSCO)…
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