Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has outlined plans to encourages account providers to do more to support those who want a bank account but don’t have one. The FCA has recognised that banks, building societies and payment firms are trying to support customers to access accounts and is encouraging them to build on examples of…
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A new report released UK Finance has set out the financial services industry’s impact and recommendations for boosting financial literacy in the UK for children and young people. Although financial education is increasingly recognised as a fundamental life skill, there is limited public funding for it. Financial services are the biggest funder of financial education…
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Nearly a third (31%) of commercial finance brokers have seen a growing shift among clients towards business loans to secure funding, new survey data from Asset Advantage can reveal. For nearly a quarter of brokers (24%), the biggest driver among clients towards business loans is more complex projects which require flexible funding routes. Nearly two-in-ten…
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Forbes Solicitors has appointed Laura Docker in the newly created role of Debt Recovery Team Leader. Docker’s arrival follows the appointment of two paralegals to the team during the past 12 months and is in response to growing demand from North West SMEs for payment dispute advice and commercial debt recovery services. A Chartered Legal…
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Two connected corporate rescue firms which encouraged directors struggling with company debts to sell their businesses and avoid liquidation have been shut down. Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited, both of which traded under the Atherton brand, claimed their services were ‘a legal alternative to using insolvency practitioners’. They helped sell companies…
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Married couples are spending £1,440 on average on hidden wedding costs, according to new research from Compare the Market. These unanticipated expenses, which couples may not typically consider in their initial budget, could include beauty and hair trials, wedding outfit alterations, wedding insurance, gifts for guests including bridesmaids and groomsmen, as well as travel and…
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A new report by Go.Compare car insurance has revealed that the average cost of car insurance is now £456, up 2% from the previous quarter (£447). The comparison website’s latest price index has revealed that compared to the same period in 2023, the average cost of car insurance is up 23%, from £371 to £456.…
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Fraud and scam complaints are at their highest ever according to quarterly level, data released by the Financial Ombudsman Service (FOS). In the first quarter of this financial year (1st April – 30th June 2024), consumers lodged 8,734 complaints about fraud and scams, of which over half were in relation to customer approved online bank…
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Business outsourcing provider Sigma Connected has announced the appointment of Jamie O’Brien into the newly-created position of Director of Telecoms. In his new sector specialist role, the operational telecoms expert will lead the development of the firm’s new and existing telecoms client portfolio as part of its core growth strategy. Reporting to chief commercial officer…
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The sole director of a data processing and equipment sourcing business has been disqualified for the maximum period allowed under law after obtaining £145,000 in Covid support scheme funds his business was not entitled to. Richard Oliver was the director of Exact Data Trading Co. Ltd when it falsely secured a total of £95,000 from…
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Skipton International, part of the Skipton Group has announced the appointment of Eric Barnett as its new Chair. This is subject to regulatory approval. Barnett is the former Group Chief Executive of SG Kleinwort Hambros Bank Ltd, Société Générale’s private banking and wealth management business in the UK, Channel Islands and Gibraltar. With a career spanning…
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April Mortgages has announced that it has appointed Rachael Hunnisett to the post of Director of Mortgage Distribution. Hunnisett boasts more than a decade of experience in financial services, including time within mortgage lending, distribution and sustainability, where she worked closely with government, lenders, distributors and brokers across the country. Mark Eaton, Chief Operating Officer…
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