Water regulator, Ofwat has warned that customers will pay more on their water bills and investors could scoop up the extra as higher dividend pay-outs if the Competition and Markets Authority (CMA) confirms its position on the price review of four water companies. In December last year, Ofwat set out what water companies should deliver…

The Bank of England has reported that consumers made net repayments of £600 million in September whilst approvals of mortgages for house purchase increased to 91,500 last month from 85,500 a month earlier, with pent-up demand and the stamp duty holiday cited as reasons for the housing market boom. September’s figures total marks the highest…

Energy company, Utilita has agreed to pay £500,000 in redress for overcharging its customers. Utilita overcharged almost 40,000 of its prepayment customers by over £125,000. The company has since refunded customers affected and agreed to pay a further £500,000 in redress. As a result of the redress, Ofgem has agreed to take no further action…

The Government should commission a full review of the debt options available to people in financial difficulty in England and Wales, according to a new briefing from the Money Advice Trust. The charity says that action is needed to provide ‘robust and effective debt options that work within the new context of Covid-19’ – with…

The Government is being urged to create a private-public taskforce to help the millions of people facing serious debt issues with Covid-19 pandemic continuing to cast a destructive financial toll on households across the UK according to personal insolvency provider Creditfix. The company says the taskforce is required as the nation braces itself for the…

The Consumer Council for Water (CCW) has called on the Competition and Markets Authority (CMA) to ‘think again’ after voicing concerns over its provisional plans for four water companies’ future bills and service commitments. CCW has published its response to the CMA’s proposals for Anglian Water, Northumbrian Water, Bristol Water and Yorkshire Water. It comes…

Enforcement association. CIVEA has reported the success of its response to the COVID-19 pandemic crisis across England and Wales, has been supported by the launch of its strengthened Code of Practice one year ago. All CIVEA members are required to comply with the code of practice in the same way that they have acted collectively…

Finance experts TotallyMoney have warned that those experiencing financial hurt due to coronavirus could see their credit scores suffer for six years as protections are taken away for over quarter of a million people still on payment holidays. A blanket end on 31st October to granting payment holidays on mortgages, credit cards, loans, and overdrafts…

The Information Commissioner’s Office (ICO) has ordered credit reference agency Experian to make fundamental changes to how it handles people’s personal data within its direct marketing services. The enforcement notice follows a two-year investigation by the ICO into how Experian, Equifax and TransUnion used personal data within their data broking businesses for direct marketing purposes.…

A new Bill designed to ensure the UK’s world-leading financial services sector continues to thrive and grasp new opportunities on the global stage has been introduced to Parliament. The Government says that the new Financial Services Bill is an important first step in taking responsibility for our financial services regulation, ensuring that the UK maintains…

1 2 3 92