26th January 2024 - Credit Connect

Majority of over 65’s not confident in managing retirement finances

26th January 2024 Arrears and Recoveries | #finance management

The vast majority of those likely to be approaching, or in, retirement lack confidence and critical knowledge about key aspects of their retirement finances, spelling potential uncertainty ahead for thousands of retirees, according to new research from Standard Life, part of Phoenix Group. Standard Life’s Retirement Voice study, conducted among 6,000 consumers, found that only 9% of…

Consumer confidence hits two-year high

26th January 2024 Consumer Lending | #consumer confidence

Consumer confidence has hit the highest point in two years, with an index published by GfK increasing to -19 points in January from -22 in December. Improved optimism in household finances over the next 12 months drove the increase in the overall index, while the personal finance expectations index was flat in January, marking the…

Azzurro’s acquisition creates Solaris Law

26th January 2024 Commercial Credit Management |

Business debt solutions specialist, Azzurro Associates has announced it is launching a new business following the acquisition of Equivo’s Legal Services division and Shoosmiths’ Business-to-Business Recoveries division. The two teams will come together to form a new business called Solaris Law. The new business will create a new specialist law firm focussed on market consumer…

1.3m with mental health problems spend less on essentials to pay their mortgage

26th January 2024 Arrears and Recoveries |

Latest research by Money and Mental Health Policy has found that homeowners with mental health problems are more likely to have cut back on food, energy and other essentials to keep up with mortgage payments, and are also at greater risk of falling behind on mortgage bills compared to other homeowners. While many mortgage holders…

Together hires two new business Underwriters

26th January 2024 Commercial Credit Management | #appointments

Property lender Together has announced the appointment of two new roving Underwriters, Chris Evans and Emma Ogilvie, to its intermediary sales team. Evans will be taking up the role of Head of roving Underwriters, managing the team of commercial rovers, whilst continuing to underwrite commercial applications for Together. He brings a wealth of experience in…

London businesses fear inflation will hit progress

26th January 2024 Commercial Credit Management | #inflation #interest rates

Two thirds of London businesses are concerned that inflation and high interest rates will dampen economic activity in the first half of 2024, according to a quarterly survey from the London Chambers of Commerce and Industry (LCCI). The survey also shows that a majority of those polled saw fuel and energy costs increase in Q4…

TransUnion appoints Chief Information Officer

26th January 2024 Appointments |

Credit reference agency, TransUnion has named Sudhish Mohan as its new UK and Europe Chief Information Officer (CIO). Having previously held the roles of CIO and Chief Operating Officer at TransUnion Africa, where he led digital transformation, product delivery and consumer experience, Mohan will now be responsible for leading TransUnion’s technology and analytics transformation. He will…

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