The Financial Conduct Authority (FCA) has announced the appointment of Wanda Goldwag as the new Chair of the independent Financial Services Consumer Panel. The appointment, effective from 1 March 2019 for an initial three-year term, has been confirmed by HM Treasury. Wanda will be the public face of the panel, leading and giving strategic direction…

Restructuring and Insolvency (R&I) specialist law firms Harrison Clark Rickerbys (HCR) and Sprecher Grier have announced that they will merge. HCR is a full-service firm with eight offices across the country and Sprecher Grier has a significant restructuring and insolvency (R&I) presence in London. The move brings former colleagues back together – Sam Payne, Head of HCR’s R&I team,…

An estimated £94.5m of fraud was prevented in 2018 by a specialist anti-fraud police unit sponsored by the finance industry, new figures show, the highest annual total to date. This brings the unit’s total estimated savings from reduced fraud activity to £600 million since it was established in April 2002. The Dedicated Card and Payment…

Consumers can save more than £2,500 a year by taking control of their finances, new analysis from Experian has revealed. Families are overpaying on their mortgages and energy bills, and those paying interest on their credit cards can cut their costs by switching to a better deal. Experian has launched Money Matters Week to help…

New figures from the Registry Trust indicate that in 2018, there were 1,115,099 County Court judgments (CCJs) were registered against consumers in England and Wales, a fall of two percent on 2017. This is the first time in six years that the number of CCJs against consumers has fallen. The average value of a consumer CCJ…

A coalition of charities has urged the Government to take urgent steps to protect people and places in poverty from the financial consequences of Brexit, including no-deal. The Joseph Rowntree Foundation (JRF), Shelter, Trussell Trust, Child Poverty Action Group, Action for Children, National Children’s Bureau, Poverty Alliance, Turn2us, Barnardos and ATD Fourth World have sent…

Begbies Traynor Group the business recovery, financial advisory and property services consultancy, has announced the acquisition of the entire issued share capital of KRE (North East), a Newcastle based insolvency practice. Ian Kings founded the business in the North East under the KRE branding in 2015.  In the financial year ended 30 June 2018, the business…

The Financial Stability Board (FSB) published a report today on FinTech and market structure in financial services. The publication is part of the FSB’s ongoing work to monitor the global FinTech market developments and their potential implications for financial stability. The FSB defines FinTech as technology-enabled innovation in financial services that could result in new business…

Bailiffs are still not being held to account and will continue to inflict stress, anxiety and further financial hardship until the Ministry of Justice (MOJ) introduces independent regulation according to research by debt charities. The 11 debt and mental health organisations that make up the ‘Taking Control’ campaign on bailiff reform are calling on the…

New figures released by the Finance Leasing Association (FLA) have shown that the number of second charge repossessions in 2018 was 147, 8.1% higher than in 2017. In the final quarter of 2018, the number of repossessions was 28, down by 26.3% compared to the same period in 2017. The number of properties repossessed during…

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