Credit, Collections & Insolvency News
Money Wellness has recruited 100 new professional advisers to meet growing demand for its free debt advice services. Alongside the appointments, the financial wellness platform has also made forty promotions, with five advisers also achieving professional accreditations. Its Vulnerable Customer Specialists Team (VCOS) is also celebrating after achieving the milestone of having £1 million of…
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New data from Skillcast has found that of the 75 fines imposed by the Information Commissioner’s Office (ICO) and Financial Conduct Authority (FCA) in the past three years, including GDPR fines, has found a disparity between the impact of fines on small and large businesses. Over a quarter (26%) of micro and small businesses who…
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New research by FICO suggests that Authorised Push Payment (APP) fraud — when someone is tricked into sending money from their bank account to a fraudster — is not being taken seriously by UK consumers. The new data also suggests one of the most vulnerable sections of society — the 65+ age group — are…
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The Money Advice Trust has announced it has appointed Steve Vaid to the role of Chief Executive Officer (CEO). Vaid will take on the role with the charity behind National Debtline in the New Year, as the organisation looks to realise its ambition to help even more people and achieve greater impact for people struggling…
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Sirius Finance has appointed announced that it has appointed William Lloyd-Hayward as its Managing Director, after Brightstar Financial took control of the lender last week. Lloyd-Hayward will lead Sirius while retaining his post as Group Chief Operating Officer at Brightstar Group. Sirius Managing Director Lloyd-Hayward said “There is enormous potential for a business…
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UK inflation fell sharply in October to 4.6 per cent, its lowest rate in two years, down from 6.7 per cent the month before, according to the Office for National Statistics (ONS). Commenting on the date Andy Mielczarek, Founder and CEO of SmartSave, a Chetwood Financial company, said “Any drop in the rate of inflation…
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UK inflation fell to the lowest rate in two years last month, falling to 4.6% in the year to October from 6.7% in September. Economists have said the main reason inflation has fallen from its peak of 11.1 per cent in October 2022 is due to a reduction in the energy price cap, which limits…
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Nearly a third (32%) of people aged 50 – 79 years consider themselves vulnerable, according to a survey by LiveMore Almost half of those (47%) said it is because they have little or no savings. Nearly two out of five people feel vulnerable due to poor health (37%) or because they feel burdened by bills…
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