Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has proposed new measures to clamp down on illegal, unfair or misleading financial marketing. The FCA has today outlined new checks for those firms which want to approve financial promotions. The new measures will require firms to demonstrate they have the right expertise for the promotions they wish to…
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Supply chain disruption and rising costs are the biggest worries facing the UK’s mid-sized businesses in the coming months, according to the latest research from accountancy and business advisory firm BDO. In the bi-monthly survey of 500 medium-sized businesses’ leaders, half (49%) said rising supply chain costs ranked top of their list of concerns between now and…
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The number of middle-aged households privately renting has nearly doubled in the space of a decade, with many set to remain in rented homes for the long-term, Paragon Bank analysis of Government data shows. The number of households in England where the lead reference person is aged between 45 and 64 has increased from 691,000…
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Nearly four in ten people feel their finances are in a state of chaos, as bills, taxes, food prices and transport costs put a strain on their income. A poll of 2,000 UK adults found 27 per cent are currently in some kind of unsecured debt, estimating it will take them over three years to…
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UK business outsourcing specialist Sigma Connected has announced it is creating hundreds of new jobs as part of its ongoing growth plans. Sigma, which offers customer contact centre services across the energy, water, insurance and financial services sectors, has announced it is looking to create 500 new vacancies in the first quarter of the year.…
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In response to the UK Government’s introduction of the Energy Bill Relief Scheme (EBRS), the Institute of Directors has found that 24% of business leaders believe that the energy price cap has removed a serious risk to their business. In its poll of nearly 500 directors, of those reporting energy making up more than 5%…
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New research by FICO has revealed that strong fraud protection could be a competitive differentiator. When asked to rank their considerations in selecting a financial account provider, the top factor for 30 percent was good fraud prevention. This came above value for money at 26 percent. Greater levels of checks across the financial services sector…
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The Financial Ombudsman has announced the appointment of Jenny Simmonds to the role of Chief Finance and Risk Officer. Simmonds, will take up her role in January and will lead the financial and risk infrastructure and be accountable for the property and facilities management strategies, the procurement function and will also act as Company Secretary.…
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Research by the Money and Mental Health Policy Institute found that one in eight people (13%) who are behind on at least one payment say they have attempted to take their own life as a result of the cost of living crisis, as a result, the Government is being urged to adopt US-style rules to…
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