A study, by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies Association (BSA) has found that borrowing into older age is likely to move from niche to mainstream within the next decade. The amount of mortgage debt held by over 65s is set to increase by more than £19 billion by 2030 (from…
Read more
An online building products supplier has been fined £55,000 by the Information Commissioner’s Office (ICO) after the firm failed to protect its customers’ personal information. Construction Materials Online Ltd (CMO) was unaware its website contained a coding error which left it vulnerable to attack. On 6 May 2014 an attacker used a common hacking technique…
Read more
Legal & General and Cebr have published a new report into the role the Bank of Mum and Dad plays in helping their children get on, or move up the property ladder. The research shows the Bank of Mum and Dad will lend over £6.5 billion in 2017, up from £5bn in 2016, providing deposits for…
Read morePeer to Peer lender Kulfink has received full FCA regulation. The accreditation marks a milestone seal of approval for the Kuflink Group, validating the company’s founding premise of customer-centric transparency, financial security and premium industry service as a paramount objective. Kuflink is part of the Kuflink Group, which is also compromised Kuflink Bridging. Launched in December 2011, the company is a lender in the…
Read more
The British Bankers Association (BBA) has released March 2017 figures for the high street banks. Eric Leenders, BBA Managing Director for Retail Banking said: “In March, annual growth in consumer borrowing from the main high street banks* slowed, perhaps mirroring the dip seen in retail sales volumes as price rises appear to have started biting…
Read more
The latest results Insolvency statistics from The Insolvency Service for Quarter 1 (January to March 2017) reveal that Company Insolvency numbers have gone down. The main findings of the report were: Total company insolvencies in Q1 2017 decreased compared with the unusually high level in the previous quarter, when a large number of connected personal service…
Read more
A new briefing note released by the Institute for Fiscal Studies (IFS) has analysed the impact of tax and benefit changes since May 2015 on the incomes of different kinds of households. One of the key findings in the reports suggests that the one million families with children and nobody in paid work would be…
Read more
The Peer-to-Peer Finance Association (P2PFA) has published lending volume figures for its nine-member platforms for the first three months of 2017. The associations says ” the figures underscore the continued development of the sector with the maintenance of impressive expansion in lending volumes and investor participation.” With cumulative levels of lending at almost £8.5 billion,…
Read more
Accountant in Bankruptcy (AIB) has published Scotland’s latest Insolvency figures. The number of Scottish registered companies becoming insolvent or entering receivership decreased in the fourth quarter of 2016-17, with 155 companies becoming insolvent compared with 230 in 2015-16 Q4. The number of members’ voluntary liquidations (solvent liquidations) decreased from 358 to 119 over the same period.…
Read more
The Civil Enforcement Association (CIVEA), which represents all the major civil enforcement agencies along with a number of independents, is to host a major conference this September 20th at One Great George Street in Westminster. The one-day event will include a conference and exhibition and will be free to delegates drawn primarily from local authorities. …
Read more
An independent study commissioned by Dun & Bradstreet has shone a light on the complexities of the modern Financial Leader role – highlighting a community under intense pressure to balance traditional accounting tasks with more strategic revenue-generating activities. Of the 200 UK Financial Leaders surveyed, almost three-quarters (71%) believe finance teams are under too much…
Read more
Ward Hadaway and Weightmans have today announced that they have mutually agreed to withdraw from their merger discussions. According to a statement, both firms could see undoubted benefits of the merger and have a great deal in common around culture and values. Following discussions, however, both firms reached a consensus their respective strategic priorities were not…
Read more
Duff & Phelps has appointed Allan Graham as Managing Director of its Restructuring Advisory practice. Graham will focus on Duff & Phelps’ mid-market restructuring and insolvency cases nationwide. Graham joins Duff & Phelps from KPMG, where his 27-year career included 19 years as a Restructuring partner. Having been based in the Midlands for half of…
Read more