Credit, Collections & Insolvency News
Energy prices will fall by 16% in April, according to a prediction by Cornwall Insight. The company says that tensions in the Red Sea have failed to derail the prospect of lower household energy bills from April. Predictions have fallen £40 p/a since December, with a typical dual fuel consumer now expected to pay an annual…
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The average household had a disposable income of £224 per week in the fourth quarter, the highest since the start of 2022, according to the Asda Income Tracker. The increase in disposable income is attributed to wage growth and easing inflation. However, despite the improvement, disposable income is still down from before the pandemic. After…
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New analysis in the Joseph Rowntree Foundation (JRF) flagship UK Poverty report quantifies for the first time how many thousands of pounds are needed by families to escape poverty. The poverty gap, or the amount of money needed to bring the incomes of people in poverty to the poverty line, has grown wider. Six million…
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The price of insuring high-value items within home insurance policies has risen by almost a quarter (24%) in the past 12 months, according to new data from Compare the Market. High-value items, usually worth more than £1,500, should be specifically declared on a home insurance policy to ensure they are fully protected. Contents valued at…
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Motor insurance customers who buy cover monthly can end up paying hundreds of pounds more than those who pay for policies annually, Which? research has found, as the consumer champion calls on the Financial Conduct Authority (FCA) to produce an action plan to tackle the issue. Which? used sales data from GoCompare to find the average difference between prices…
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Londoners are the most likely to have loaned money to a family member to help with the cost of living, according to new research from Hodge. Around three quarters (73%) of people aged over 50 based in the capital have gifted or loaned money to their children or other family members, and 77% of those…
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Bereavement service Settld has announced that it is working with Octopus Energy to unlock a new service streamlining account administration for those handling the affairs of an Octopus Energy customer who has died. Octopus Energy, already noted for its excellent customer service during the bereavement process will now be able to notify all other relevant service providers nationwide of a death,…
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London and Leeds-based insolvency and restructuring firm, PKF GM, has appointed Dawn McMullan to support the firm’s personal and contentious insolvency teams and build upon the business’ successes in 2023. McMullan joins PKF GM with 17 years’ of experience working within commercial, personal and contentious insolvency practices, during which time she rose from a temporary…
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