Credit, Collections & Insolvency News
European business decision-makers feel they are being treated as second-class customers by financial providers, according to new research by CRIF. The research finds that four in ten European businesses (41%) say a lack of innovation in financial services is stifling their company’s growth potential, rising to more than half in Ireland (52%). Alongside these growth…
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New analysis from Lloyds Banking Group finds that financial empowerment, having the confidence, capability and control to make informed financial decisions has no single UK postcode. Across the country, people are using digital tools and AI for different priorities, from budgeting and debt reduction to investing, saving and planning, with distinct regional patterns emerging. Nationally,…
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More than half (52%) of adults aged 25-55 have experienced a major life event, such as redundancy, serious illness, bereavement, or relationship breakdown, in the last three years, according to new research commissioned by the Money Advice Trust, the charity that runs National Debtline. These events often have significant financial consequences, with one in five…
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Applications by business owners for personal guarantee insurance (PGI) rose 62% year on year in the third quarter of 2026, according to new data from Purbeck Personal Guarantee Insurance. Applications were also 9% higher than in Q2, making Q3 2026 the second-busiest quarter recorded since 2021, behind only Q1 2026. The data is a measure…
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Fico has announced the results of its 2026 State of Responsible AI study, developed in collaboration with Corinium Global Intelligence. Now in its fifth year, the report tracks how organisations are adopting responsible AI practices, the early returns they’re seeing from deployments, and the remaining barriers to fully unlocking the technology’s full potential. This year’s…
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New research by the Personal Finance Research Centre, University of Bristol, in partnership with StepChange Debt Charity and funded by NatWest Group, has revealed acute housing pressures, debt and lasting pandemic impacts affecting under-35s. According to the report, almost half (44%) of StepChange clients aged 18-34 surveyed have borrowed money to cover their housing costs.…
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LHV Bank has appointed Damian Thompson as Chief Executive Officer and Executive Director. He will join the Bank on 4th January 2027, subject to regulatory approval. Thompson has more than 30 years of experience across UK banking, structured finance and financial services. After almost 2 decades in senior roles at NatWest Markets, he joined Starling…
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Kimberley Bennett has joined Afin Bank as a Mortgage Underwriter, further expanding the specialist lender’s credit team. Last month Afin added new underwriters with experience of the bank’s core propositions including residential, buy-to-let and bridging. Bennett joins from Precise, where she spent more than nine years, rising through the organisation to become a Mortgage Underwriter.…
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The Insolvency Service shut down a company that claimed it could help directors of failed businesses ‘walk away’ with ‘no comeback’ after an investigation. Leeds-based Ellan NW Ltd, trading as Knowsley Recovery, claimed it could help directors avoid the insolvency system by arranging the purchase of their struggling companies. The company claimed the new owners…
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The Enforcement Conduct Board (ECB) has agreed a consensual order with Paul Whyte and Julia Whyte, formerly the partners of Whyte & Co, under its Disciplinary and Sanctions Rules. Whyte & Co focused on collecting debt relating to council tax arrears, business rates, parking penalty charge notices and other local authority matters. The company ceased…
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Enforcement agents in England and Wales face an average of 16 incidents of assault or threats of assault every day, according to a new report published today by the Civil Enforcement Association (CIVEA). The report finds that violence against frontline agents is escalating and is routinely dismissed as an occupational hazard. CIVEA, the trade association…
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Nearly a quarter (26%) of small businesses say they are forecasting growth for the final three months of 2026, with 50% forecasting no change in trading outlook, and 23% of enterprises fearing they will either contract or struggle to survive the winter months, according to new research from Novuna Business Finance. These new findings, for…
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Artificial intelligence (AI) has entered a new management era, with organisations shifting their focus from whether AI works to how it is governed, secured and managed at scale, according to KPMG’s latest Global AI Pulse survey. The quarterly global survey of C-suite and senior business leaders, including 100 in the UK, found that organisations are…
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