25th August 2022 - Credit Connect

Consumer Credit Trade Association appoint new Chair

25th August 2022 Appointments |

Mark Fiander, CEO of Gain Credit LLC and Consumer Credit Trade Association (CCTA) Council member, has been appointed as the new Chair of the Association. Fiander has taken up the position having been involved with the CCTA and related associations for several years. The role of the Chair is to provide strategic advice to the…

Shell Energy Retail to refund £537,000 to customers after price cap overcharging

25th August 2022 Consumer Collections | #energy regulation

Shell Energy Retail is to refund and compensate 11,275 prepayment customer accounts it has overcharged on its default tariffs. The total amount of customer detriment to be refunded is £106,000. Refunds will be issued automatically to affected customers. In addition, the supplier will pay £400,000 to Ofgem’s voluntary consumer redress fund and £30,970 in goodwill…

UK investors brace for recession

25th August 2022 Commercial Collections and Recoveries | #recession

A survey of 885 UK-based retail investors has revealed how investors are managing their portfolios in light of high inflation, low growth, subsequent recession risks and the Conservative leadership contest new research commissioned by HYCM has found. The survey found that the majority (62%) of investors believe the UK will enter a recession before the…

Debt advice company sees increase 450% rise in support enquiries

25th August 2022 Arrears and Recoveries | #debt advice

MoneyPlus Advice, a Manchester-based debt advice firm offering help to people struggling with unmanageable debt says they are seeing startling data for just how much cost of living is influencing debt enquires. Between 2020 and 2022, customers citing ‘cost of living’ as their reason for seeking debt advice, increased by 450%. A sharp increase of…

The Money and Pensions Service announces Non-Executive Director appointments

25th August 2022 Appointments |

The Money and Pensions Service (MaPS) has announced the appointments to its Board of four new Non-Executive Directors. Marlene Shiels, Monica Kalia, Sara Weller CBE and Simon Hamilton will join the MaPS Board from 1st September 2022. Non-Executive members of MaPS Board are responsible for providing appropriate oversight, governance and direction to MaPS in pursuit…

Warning that energy crisis could lead to thousands of companies collapsing

25th August 2022 Business Utilities | #energy crisis

The Confederation of British Industry (CBI) (CBI) has warned that the escalating energy crisis could lead to thousands of companies collapsing without Government support. The CBI has urged the government to freeze business rates for another year and take quick and targeted action to prevent otherwise viable businesses from going bust. The lobby group said…

Phillips & Cohen appoints Director of Operations for The Estate Registry

25th August 2022 Appointments | #appointments

Phillips & Cohen Associates, (PCA), a specialist in deceased account care servicing and technology solutions, has announced that Saima Hassan has joined as the UK Director of Operations for The Estate Registry UK (TER). Launched in 2021, TER currently provides three innovative solutions, LegacyNOW, NotifyNOW and InheritNOW offering digital, deceased servicing solutions in areas of…

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