Credit, Collections & Insolvency News
Arum and Just have announced that Jason Incles will become the new Chair. Incles previously worked at the TDX Group from 2006 to 2016. Incles succeeds Jamie Waller who recently retired after serving as Chair for the past four years. Commenting on his appointment Incles said “I feel very excited to be taking on this…
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Research by KIS Finance has revealed that as a direct result of the rising cost of living, 57% of people in the UK are either already struggling financially, or expect to do so in the very near future. With no solution to the war in Ukraine in sight, the situation is set to get much worse, as…
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Registry Trust, the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines for the UK & Ireland, has appointed Polly Mackenzie, CEO of think tank Demos, as a Non-Executive Director. As former Founding Director of the Money and Mental Health Policy Institute and Director of Policy Innovation at 10 Downing Street, MacKenzie brings a…
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Latest ONS statistics highlighting the social impacts of Coronavirus have indicated that one in seven people borrow to pay bills. The research also showed that 81% of people said their cost of living has risen over the past month. When asked how this was affecting them, 22% of people said they were spending their savings.…
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Over 1.8 million adults in Scotland have seen their finances get worse during the Covid pandemic, according to new analysis from Citizens Advice Scotland (CAS). Polling for the charity by YouGov found 41 per cent of Scottish adults found their financial position got worse during the pandemic, with 15 per cent saying their position has…
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The Bristow & Sutor Group is calling for more like-minded businesses to commit to worthy causes long-term, after achieving successful outcomes in partnership with The Money Charity. The enforcement specialists announced The Money Charity as their latest charity partner in 2021 and have committed to providing both fundraising and volunteering support for at least the next three…
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The Resolution Foundation has warned that a typical household’s income will fall by about £1,000 this year once the effect of inflation is accounted for. The change in inflation would be the biggest real-terms fall in incomes since the mid-1970s, the think tank added. It expects inflation to peak in April at 8.3% – much…
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Entrepreneur and small business champion Martin McTague has been appointed National Chair of the Federation of Small Businesses (FSB). McTague takes over from outgoing National Chair, Mike Cherry, who has held the office for six years. Tina McKenzie, one of the best-known business figures in Northern Ireland, has been appointed FSB Chair, Policy and Advocacy.…
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The End Fuel Poverty Coalition (EFPC) has issued a warning that the energy crisis could leave 8.5 million households unable to heat and power their homes. The group, which represents almost 50 organisations, claims that cold homes cost lives and that more frail and older people could die next winter without further action from the…
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The Covid pandemic has had a very distinct impact on the progress of people seeking debt advice, according to research by StepChange. The debt charity measured the impact of debt advice on clients – primarily on progress on resolving debt, but also wider measures such as wellbeing – through surveys undertaken at three months, nine…
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The largest student loan reform since 2012 will reduce the cost of loans for high-earning borrowers but increase it for lower earners with graduates face paying extra £28,000 towards their loan over their lifetime according to new analysis by the Institute of Fiscal Studies (IFS) Starting with the 2023 university entry cohort, graduates will pay…
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Catherine Brown, the former Chief Executive of the Food Standards Agency and current Chair of environmental charity Hubbub, has been announced as the first Chair of the Enforcement Conduct Board. The Board is a new independent oversight body for the civil enforcement sector and will act to drive up standards, improve the effectiveness of enforcement…
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January saw the usual seasonal increase in people looking for debt advice, according to the latest client insights report from StepChange. The debt charity’s website was visited by 358,000 users in January, a 34% rise on December 2021. Between December and January, there was also a 7% increase in visits to the ‘emergency funding’ page…
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