Credit, Collections & Insolvency News
Two in five adults over the age of 50 are so stressed about money that they can’t sleep at night, according to new research by SunLife. The research revealed that over a third (37%) of people aged 50 and above revealed they feel sleep deprived. Money worries are the number one cause of sleep loss…
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A new survey from Hodge has found that 76% of people in the UK are poised to stop dining out and a further 59% to stop socialising to help manage the rising cost of living. Hodge’s “Cost of Living” whitepaper features the findings from research which questioned 1,000 people on how they are managing their…
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European investor and alternative asset manager in credit and real estate Arrow Global has announced the opening of a new office in Luxembourg City. Arrow’s ACO 1 Fund vehicle is already located within Luxembourg. Arrow says that the opening of this local office will allow the group to deliver optimum infrastructure to this and future…
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Younger adults are significantly more likely to have talked about money matters with their parents when growing up compared to the generations that went before them. Three in four (76%) 18-24-year-olds spoke to their parents about money matters when they were growing up. This compares to just 43% of those 65 or over, 52% of…
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Rising food and fuel prices sent CPI inflation to a fresh 40-year high of 9.4 per cent in June. The latest inflation rise was driven by the sharpest single month rise in petrol prices since at least 1989 and food price inflation, which hit a 13-year high 9.8 per cent. Inflation is expected to increase…
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The wealth gap between the top tenth of households and those in the middle tenth has expanded to a record £1.2m per adult, research by the Resolution Foundation has found. In 2006 the average household in the richest tenth held wealth of nearly £900,000 more per adult than a family in the middle decile. By…
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New research from Aviva shows that more than half of over 55s want to see the benefit of giving significant financial help to their family while they are still alive, rather than leave an inheritance in a will. The findings come as other trends suggest a move away from leaving money to family only after…
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Money Advice Liaison Group (MALG), has celebrated its 35th anniversary at a National Members Meeting in London with the launch of a new Ambassador programme. MALG CEO Bob Winnington took attendees through MALG’s history and key achievements including the publication of the first ever industry guidelines on debt and mental health in 2007, and the…
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Consumer-centric recovery management solution, Everchain has announced the initial phase of its international expansion strategy launching in the UK. The company focuses on providing consumer lenders with compliant recovery solutions. The company will be led by Dan Ware, EverChain UK’s President, Ware will lead expansion efforts and build out its presence in other key European…
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Nearly 600,000 people are now paying less in interest and charges on their credit card debt because of changes made by the Financial Conduct Authority (FCA) according to its Annual Report. In the report the reulator has set out how it has worked over the past 12 months to meet its objectives of protecting consumers,…
Read moreSoaring energy costs and rising food and fuel prices are set to put an extra burden on families’ budgets over the school holidays, which begin this week with more parents being forced to turn to borrowing to make ends meet over the summer according to new research by Ste[Change. The research shows that parents are…
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Following a digital home boom established during Covid-19 pandemic lockdowns, consumers are retreating on connectivity and content needs as they prioritise financial and mental well-being. This is according to the latest EY Decoding the digital home study, which surveyed more than 2,500 households in the UK to analyse how the cost-of-living crisis has impacted consumer…
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The Credit Service Association (CSA) has announced that Webio will be the headline sponsor for the association’s annual UK Credit and Collections Conference (UKCCC) which will be held in Manchester on Thursday 15th September. Commenting on the sponsorship agreement, Mark Opperman, Co-founder of Webio said “We’re delighted to be sponsoring this year’s UKCCC event and…
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