Credit, Collections & Insolvency News
Manchester-based deceased account management business, Phillips & Cohen Associates (PCA) has announced that is to acquire Liverpool-based debt recovery and credit management services provider, Ardent Credit Services. PCA says that the move is part of a long-term strategy to expand expertise and scale within the pre and post charge-off collections space in the UK and…
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Energy regulator Ofgem has announced that the energy price cap will be set at an annual level of £3,280 for a dual fuel household paying by direct debit based on typical consumption, a reduction of almost £1,000 from the current level, of £4,279 which reflects recent falls in wholesale energy prices. The cost of universal…
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The UK is experiencing an unprecedented energy crisis as the true cost of winter begins to be seen, with many millions of households living in fuel poverty. In the lead up to this winter, concerns were widespread of significant hardship for many UK households in coping with the cost of living crisis, specifically the energy…
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The rising cost of living and weaker consumer spending is expected to deepen the economic divide between London and the rest of the UK, according to the latest EY UK Regional Economic Forecast. The forecast says that UK Gross Value Added (GVA) is expected to decline 0.6% over the course of 2023, with London (-0.2%)…
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Credit data and risk intelligence specialist Creditsafe has announced that it has appointed two experienced credit information consultants. Chris Hutchings has been appointed Head of Risk at Creditsafe UK & Ireland, he returns to the company after focusing on commercial data acquisition at GBG for two years. Whilst Tony Mott has been appointed Head of…
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Risk and data science consultancy, Jaywing, has announced that it has. promoted Carl Ireland to Head of Regulatory Risk. Ireland’s new role will see him supporting firms through impending regulatory changes, including model risk management, IRB, consumer duty, climate risk, and Basel 3.1. With over 15 years’ experience as a consultant for Jaywing and the…
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Metro Bank has appointed Kevin Tonge as Regional Director for Asset Finance. Tonge has over 20 years’ industry experience and joins from Aldermore Bank where he has held a number of asset finance roles for the last nine years, as well as holding other senior positions at Novuna and ING Lease UK. Tonge will focus…
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Specialist lender Together has announced three promotions to its executive team. Sarah Nield will take on the role of Group Chief Compliance Officer. Her key focus will centre on delivering the group’s strategy to become an exemplar in the specialist lending market. Nield joined Together three years ago and has held two roles in Risk,…
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