Credit, Collections & Insolvency News
Latest data from Moneyfacts shows the average product shelf-life fell to just 13 days in October, down from 14 days in September, as swap-rate fluctuations prompted lenders to reprice or withdraw products repeatedly. However, the figure remains well above the record low of just eight days recorded in April, following the initial impact of the US-Iran…
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A majority of first-time UK buyers now pay more towards their monthly mortgage bills than they used to pay in rent, the estate agent Hamptons has found. Last month 56% of first-time buyers said their monthly mortgage bills exceeded their previous rent, the highest proportion in at least a decade. They paid £39 more on…
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New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided £110.8 billion of new lending in the eight months to August 2026, 4% higher than in the same period in 2025. Of this total 27.5 billion was provided to…
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The UK stage is set for an unprecedented scale of wealth transfer between generations in the decades ahead. But as longer lives make retirement, health and potential care costs harder to predict, new research from Canada Life suggests the big question for many families is not simply how much they might pass on, but when. Whilst…
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One in five (20%), the equivalent of around 10.4 million people aged 18-802, are not planning for their financial futures because they are ‘too busy’ according to research by Standard Life.. While financial pressures are an obvious barrier to saving for retirement, with over half (52%) of those who worry they are not saving enough…
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Nearly four in ten parents say grandparents are saving for their children’s future, helping younger generations prepare for major milestones including university, driving and buying their first home, new research from Paragon Bank has found. The study found that 39% of parents said grandparents were putting money aside for their grandchildren. Among those families, university…
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The Financial Conduct Authority (FCA) has announced that the Upper Tribunal will hear the legal challenges to our motor finance compensation scheme in February 2027. The scheme was challenged by three lenders, Volkswagen Financial Services, Mercedes-Benz Financial Services, and Crédit Agricole Auto Finance and by Consumer Voice, represented by Courmacs Legal. Whilst the scheme is…
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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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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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The FCA’s enforcement against ‘finfluencers’ has soared since 2024, as regulators ramp up online crackdown globally. The data, sourced by the online broker experts BrokerChooser, shows that enforcement actions undertaken by the FCA against financial influencers increased by +174% in 2025. This continues a trend seen in 2024, when enforcement actions soared by +2,600% compared…
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Traditional high street banks and building societies are losing ground to digital challengers on service quality, according to new research. The findings from CRIF show that traditional banks and building societies are the only type of financial provider where consumers are more likely to say service has worsened than improved over the past three years…
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The average interest rate for a new five-year fixed mortgage has reached 6%, the highest in three years, according to Moneyfacts latest analysis The data shows that the number of sub-5% fixed mortgage deals has plunged by 99%, from 1,494 since the start of September 2026 to just nine today. This figure excludes deals that…
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New research from Fico has shown that fraud leaders across Europe, the Middle East and Africa (EMEA) are grappling with rising fraud complexity and AI-enabled threats, even as they accelerate investment in AI-driven detection and enterprise-wide fraud strategy. The findings, drawn from Fico’s global survey of 202 senior fraud, risk and technology professionals at retail…
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