Business advisory firm Quantuma has promoted marketing expert, Marie Wadeson and restructuring specialist, Simon Campbell to the position of Partner. Wadeson joined the firm as head of marketing in 2016. She has more than 15 years’ experience in senior positions, including eight years at global accounting and audit firm Mazars where she was responsible for…

Rent-to-own firm BrightHouse has entered administration. Chris Laverty, Trevor O’Sullivan and Helen Dale of Grant Thornton have been appointed as Joint Administrators. BrightHouse is the trading name of Caversham Finance. The company provided rent-to-own and cash lending services to the consumer market. The company also included Caversham Trading Ltd (CTL) operates a logistics and engineering…

Consumer spending grew 2.2 per cent year-on-year in February, propped up by digital subscriptions and takeaways, as consumers stayed home to avoid bad weather according to new data from Barclaycard. The date, which sees nearly half of the nation’s credit and debit card transactions, revealed that spending on essential items rose by 1.6 per cent.…

Energy regulator Ofgem has opened a compliance case into ScottishPower’s complaints procedures, which includes concerns about the supplier’s handling and resolving of critical issues, diagnosing root problems and the impact this has on poor outcomes experienced by customers. Ofgem says that ut has have been increasingly concerned about the volume of ScottishPower’s referrals to consumer…

iSupply Energy is to pay out £1.5 million in redress after the supplier overcharged around 4,400 of its customers on default tariffs and failed to alert the regulator (Ofgem) and put things right quickly. The price cap for 11 million customers on default tariffs came into force on 1st January 2019 with all energy suppliers…

The number of children growing up in poverty in working households has risen by 800,000 since 2010, according to new TUC analysis. The analysis reveals that child poverty in working families rose to 2.9 million in 2018 – an increase of 38% since the start of the decade. In 2010, 1 in 5 (19%) children in working households were growing up in poverty.…

Responding to the Conservative Party election pledge to cut the jobs tax and business rates, Federation of Small Businesses (FSB) National Chairman Mike Cherry, said “Cutting the jobs tax is a strong, pro-small business move, as it will help half a million small firms raise wages and keep more people in work. FSB has consistently…

A proposal to set up a fund to compensate victims of bank scams has been rejected by payments group Pay.UK. Pay UK says that there has been no industry consensus to finance a central fund. A voluntary code requiring banks to reimburse affected customers is funded to the end of December so from January it…

New research from the Emerging Payments Association has revealed that ‘realtime’ payments are growing rapidly in the UK, signifying potential for business payments for banks and fintechs. The Impact of Realtime on Payments and Data, which details how consumer expectations have drastically changed over a short period of time – and consumers no longer accept…

ClearScore has announced that it has selected Credit Kudos to develop its new open banking powered eligibility solution for products including mortgages, credit cards, and loans. The launch will make a significant difference to thousands of people that currently are either unable to access credit or loans, or are forced to use high-cost options. Through…

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