Credit, Collections & Insolvency News
New research from SunLife has reveals that seven in ten (73%) over 50s have private pensions, rising to 75% in the South West, 76% in the South East and 83% in Northern Ireland, in the North West 30% of over 50s have no private pension savings at all. Average incomes in the region are also…
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New analysis by Sprive, suggests a perfect storm is brewing as millions face retiring with mortgage debt hit by late homebuying, sky-high prices, and AI disrupting income security Analysis of official Government housing data* reveals that as buyers are being forced to take on longer mortgage terms later in life, they are increasingly likely to carry…
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Chancellor Rachel Reeves has delivered her Spending Review, setting out budgets for government departments. Responding to the announcement, Tina McKenzie, Policy Chair of the Federation of Small Businesses (FSB), said “Small businesses will be wondering when they will feel the benefits of today’s Spending Review. It was not the business-focused day they had hoped for. “As spending allocations…
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Business decision-makers are becoming ‘paralysed’ by constant crisis and their excessive caution is limiting growth opportunities, a new report from accountancy and business advisory firm BDO has warned. In total, 84% of international business leaders surveyed as part of BDO’s annual Global Risk Landscape Report 2025 said the global risk landscape is now, more than ever, defined…
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Accountants and Financial Advisers increasingly are seeing clients struggle to pay their fees with a knock on effect on their cashflow, new research from Premium Credit. Nearly nine out of ten (87%) say more clients are struggling to pay their fees and nearly three out of four (74%) expect a rise in the number of…
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The founder of a football betting investment firm has been banned as a director after his company went into administration owing investors more than £10 million. Former television presenter Alan Bentley allowed his Bentley Global (UK) Limited company to obtain more than £1.5 million from investors during late 2019 and the first half of 2020,…
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Chancellor Rachel Reeves has delivered her Spending Review, setting out budgets for government departments. Responding to the Spending Review, Dame Clare Moriarty, Chief Executive of Citizens Advice, said “The elephant in the room today has been the looming cuts to support for disabled people, which threaten to increase poverty and will inevitably strain the very health…
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