Credit, Collections & Insolvency News
While signs appear positive for the UK economy gradually moving in the right direction, this progress is not yet translating into tangible benefits being felt by households. Recent months have brought news of a more positive outlook for the UK’s finances, albeit with progress relatively marginal and slow. However, while welcome news for hard-pressed households…
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StepChange has announced the appointment of Martin Clift as its new Chief Operating Officer. Clift, who will take up the role at the beginning of September, previously worked at Barclays for 37 years, during which time he specialised in large scale Distribution, Operations Leadership and Strategic Transformation. He was most recently Head of Intermediary Services…
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Latest research from Phoenix Group has found a huge difference in perceptions around how people have retired in the past, and what this could look like in future decades. A ‘hard stop’ or ‘transitional’ retirement is seen as the most prominent way people have moved into retirement over the last 50 years but is expected…
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Here is an overview of The Money Charity’s latest statistics for June 2024 Personal debt in the UK People in the UK owed £1,850.1 billion at the end of April 2024. The average total debt per household, including mortgages, was £65,143 and per adult was £34,487, around 97.0% of average earnings. Net mortgage lending increased by…
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The crisis of poverty in the UK has been exposed by two new reports, revealing the devastating impact of low wages and price increases on 900,000 children. The research by Trades Union Congress (TUC) has found that over the past 14 years, an additional 1,350 children per week in households with at least one working…
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The Creditfix Group has announced a new operating structure in response to the current economic landscape and changes in the debt help industry. The changes will see FCA-regulated UK Debt Expert become The Creditfix Group’s main debt advice hub across the UK, providing personalised advice to achieve positive outcomes for people struggling with debt. Stephanie…
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