The Financial Conduct Authority (FCA) has announced changes to the definition of income between consumer hire leases and consumer credit after a response to its consultation. In December of last year, the FCA made a call for leasing businesses to respond to the regulator. Under the current rule, FCA fees for regulated credit agreements such…
Shire Leasing has announced structural changes to their leadership team. Mark Picken is to move to CEO with Helen Lumb taking the CFO role and Malcolm Workman to be COO. This new structure will see the various business disciplines report through Lumb and Workman and provide a broader management spread and greater focus on the…
New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) for deals of up to £20 million fell in February by 1%, compared with the same month last year. The plant and machinery finance and IT equipment finance sectors reported new business growth in…
The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, is to host the Credit and Collections Technology Awards at this year’s CSA Gala Dinner on 13 September. The co-branded event, which will form part of the CSA’s UK Credit and Collections Conference (UKCCC), reflects the Association’s growing recognition…
Lex Autolease has appointed Ashley Barnett to Head of Fleet Consultancy. Barnett has 25 years’ experience in accountancy, with a focus on vehicle funding, company car policy and salary sacrifice schemes. He has spent 19 years in the Lloyds TSB group and previously worked within the Co-operative group. Managing Director of Lex Autolease, Tim Porter,…
Rivers Leasing has announced it has appointed a former Managing Director of Arkle Finance to its management team. Stephen Bassett, former Managing Director of Arkle Finance, joins as Non-Executive Director. With much of his career spanning senior management and directorship roles at organisations including Schroder Leasing Ltd, Lloyds & Scottish Finance, Lombard, Wyse Leasing Plc…
Latest data released by UK Finance has shown that the invoice finance and asset-based lending sector is providing more finance to UK businesses than ever before. Advances (the amount of funding being provided to clients at the close of the most recent quarter) are up 13 per cent year on year and stand at just over…
New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 7% in October, compared with the same month last year. The plant and machinery finance and business equipment finance sectors reported new business up in October by 6% and 13% respectively, compared…
New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 3% in August, compared with the same month last year. The plant and machinery finance sector reported new business up in August by 4% compared with the same month in 2016, while…