5th December 2023 - Credit Connect

FCA outlines potential reforms for credit information market

5th December 2023 Consumer Lending | #credit reference

The Financial Conduct Authority (FCA) has published a proposed a range of reforms it which it says would improve quality of information collated by credit reference agencies (CRAs) to ensure consumers’ credit files better reflect personal financial circumstances. In November 2022, the FCA published an interim report which found that whilst the credit information market was working…

Nearly two thirds of people receive financial support from family equity release

5th December 2023 Alternative Consumer Lending | #equity release #featued

Nearly two thirds of people who are receiving financial support from their families, are receiving their funds from the equity of that relative’s home, according to new research from Hodge. A recent study looking at how families are working together to purchase property, pay off debts and meet rising living costs, found that 61% of…

33% of shoppers plan to haggle this Christmas

5th December 2023 Consumer Collections | #cost of living

A new survey by Purbeck Personal Guarantee has underlined the impact of the cost of living crisis on shopping habits with 33% of shoppers plan to haggle this Christmas. 51% confessed they have haggled for an essential product or service this year. The research suggests that 21% in the survey think it’s fine to haggle…

Phillips & Cohen appoints Chief of Staff

5th December 2023 Appointments |

Deceased account care servicing and estate technology solutions specialists Phillips & Cohen Associates has announced that Saima Hassan has been promoted to Chief of Staff to the CEO. Hassan, who has been with the business since 2022, is a highly experienced senior leader with a breadth of business leadership, strategic & operational management, and legal…

Two-thirds people feel that big banks prioritise profits over supporting savers

5th December 2023 Consumer Collections | #savings

New research by Chetwood Financial has found that two-thirds of people (65%) feel that big banks prioritise profits over supporting savers. The majority of consumers say they are unhappy with high-street banks, believing they have prioritised profits over passing higher interest rates on to savers and believe that mainstream banks are putting their profits ahead…

One in four people plan to borrow money for Christmas

5th December 2023 Consumer Lending |

One in four people (14 million people) plan to borrow money for Christmas according to research by the Money and Pensions Service. The survey of 3,016 UK adults, commissioned by the Money and Pensions Service (MaPS), shows that one in four (26%) are likely to borrow or use credit for upcoming holidays like Christmas and…

Inflation and lower deficit brings modest relief for households

5th December 2023 Industry opinion |

Hard-pressed households have had little to be encouraged by financially during 2023, but the end of the year has brought some more hopeful indications for the coming months. In the year to October 2023, the CPI (Consumer Prices Index) increased by 4.6%, down from 6.7% as September, meaning the government have achieved their target of bringing inflation…

AutoProtect Group appoints new Chief Executive Officer

5th December 2023 Appointments |

AutoProtect Group Appoints Graeme Nieman as Chief Executive Officer Nieman first joined AutoProtect Group as an Interim CEO in May 2022, bringing a wealth of experience and a deep understanding of the automotive industry. His association with AutoProtect Group extends beyond his interim role, having been a pivotal figure and long-term partner of the business.…

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