Mounting debt is causing six in ten (59%) ‘Middle Britain’ families to fall short of the recommended level of savings to be financially resilient – leaving them at risk of being hit hard if they were to lose their income, according to new research by leading insurer, LV=. In the final instalment of its ‘Income…
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New research has found that 65% of businesses embrace fintech. Business finance company MarketInvoice surveyed UK businesses on their awareness and adoption of fintech (financial technology) products and services. 77% of UK businesses are aware of fintech products and services and two-thirds (65%) have adopted at least one fintech application, with a fifth (19%) taking…
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Businesses trading in the Americas have been warned about potential payment delays in a new report by trade credit insurer Atradius. The Atradius Payment Practices Barometer is an annual research report into the payment behaviours of global businesses and was prepared ahead of the recent natural disasters that have severely impacted parts of the region.…
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European Fintech event LendIt Europe has announced the finalists for its 2017 PitchIt competition. LendIt’s PitchIt competition this year hosted and co-organized by Startupbootcamp FinTech, sees the very best of Europe’s fintech startups going head to head to compete in front of some of the biggest VCs in technology. The LendIt event will be taking…
Read moreThe Chartered Institute of Credit Management (CICM) has awarded Centre of Excellence status, its highest accolade for best practice in credit management, to four companies: Aimia Foods, The Adecco Group UK & Ireland, Aggregate Industries and Veolia ES UK. In the case of Aggregate Industries and Veolia, their status has been awarded for the second…
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The Lord Chancellor has rejected a bid by the ICAEW (Institute of Chartered Accountants in England and Wales) to regulate reserved legal services. Lord Chancellor, David Lidington rejected the ICAEW’s application to become an approved regulator and licensing authority for the six remaining reserved legal services, despite the backing by the Legal Services Board (LSB).…
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Two North West insolvency advisors have joined forces to launch a new corporate restructuring and turnaround practice. Dunham Dean has been set up by Matt Dunham and John Dean, who between them have over 50 years’ experience in turnaround and finance. The firm, which has offices in Liverpool’s Brunswick Dock and Appley Bridge, near Wigan,…
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Kingston Smith’s corporate recovery and insolvency arm, Kingston Smith & Partners, has recruited Dale Hernon as Head of Client Services. Hernon joins the firm from Begbies Traynor where he led the group to second in personal insolvency appointment rankings, based on statistics recorded by The Insolvency Service. He brings with him his colleague Daniel Bodgi. Kingston…
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LendInvest has appointed Ian Boden as Sales Director. Boden joins LendInvest with over 35 years’ experience in financial services, specialising in buy-to-let and commercial mortgages. During his career, Ian has held a variety of roles from wealth management and customer relationship management to senior management positions. Most recently, Boden was head of commercial mortgages and…
Read moreThe Credit & Collections Technology Awards have confirmed the judges for the 2017 Awards event. The Awards, powered by Credit Connect Media, recognises innovation and technological excellence. The judges include association leaders and credit and collections specialists from a mixture of different backgrounds which gives them expert status to judge finalists and winners. The list of Judges and…
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Credit management firm Anglia UK is further expanding its fleet of trucks in response to growing demand for its transport services. Following a number of new business wins, four custom-built Mercedes trucks have been added to the fleet. The new trucks – supplied by Intercounty Truck & Van Limited and customised by the Roger Dyson…
Read moreAudit, tax and consulting firm RSM has appointed Chris Hardy as a partner in its restructuring advisory practice. Hardy joins RSM from Close Brothers Invoice Finance where he was a regional director responsible for invoice finance and asset based lending teams across London, the South East and East Anglia. Prior to that he held positions…
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Here is an overview of The Money Charity’s latest statistics for September 2017: Personal debt in the UK People in the UK owed £1.548 trillion at the end of July 2017. This is up from £1.489 trillion at the end of July 2016 – an extra £1033.06 per UK adult. Per adult in the UK…
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