Generation Z more likely to be tricked into impersonation scams

8th September 2023 Consumer Lending | #fraud

Under 25s are more likely than older age groups to have been targeted by impersonation scams. An impersonation scam is where a criminal contacts you pretending to be a person or organisation you trust. These scams can be very sophisticated and often start with attempts to trick you into disclosing personal and financial information. Criminals…

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One in 30 relying on their homes to fund their retirement

8th September 2023 Consumer Lending | #housing equity

New research by Saltus has found that one in 30 respondents are planning for their home’s value to fund 100% of their retirement, while on average, respondents said they expect their property to provide funding for almost half (44%) of retirement Megan Jenkins Partner and Adviser at Saltus said “While historically, property has proved to…

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SMEs think global conditions are worse than during the pandemic

8th September 2023 Commercial Credit Management |

New research from Bibby Financial Services (BFS) has found that small and medium sized (SME) manufacturing businesses across the globe are being significantly impacted by current economic conditions. Four in ten (40%) manufacturers surveyed across nine key international markets agree that global business conditions are worse now than during the pandemic, and over a quarter…

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New lender set to offer 30 year mortgages after bank licence approval

8th September 2023 Alternative Consumer Lending |

New specialist lender, Perenna, has secured an unrestricted banking licence from Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). allowing it to introduce its long-term fixed rate mortgage products to the UK. Perenn is the first UK start-up to secure an unrestricted bank licence in 2023, will offer 20- or 30-year mortgages and an…

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Begbies Traynor promotes Director

8th September 2023 Appointments |

Corporate restructuring and insolvency firm, Begbies Traynor has announced it has promoted Keeley Lord to the position of Director at its office in Preston. Lord joined Begbies Traynor in 2009, qualified as a chartered certified accountant in 2014 and became a licensed insolvency practitioner in July 2023. In her new role as Director, she will…

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Housing costs concerns hits highest levels recorded

8th September 2023 Arrears and Recoveries | #bills

Worries about housing costs have hit the highest levels ever recorded by Which?’s Consumer Insight Tracker, as interest rates are widely expected to rise further. The Insight Tracker recorded highest levels of concern around housing costs – with four in five mortgage owners (79%) and 4 in 5 renters (81%) saying that they were worried…

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