Credit, Collections & Insolvency News
Community lender Salad has announced that it has appointed Robin Maxe as Chief Operating Officer (COO). Previously Maxe has led business growth across the tech, gaming, fashion and consumer goods sectors, delivering results for a range of firms such as Trilitech, Ralph & Russo, Sony and PlayStation. A Durham University graduate with an MBA in…
Read more
A Freedom of Information (FOI) request submitted by Royal London to the Student Loans Company (SLC) has revealed a huge spike in the number of borrowers burdened with student loan debt in excess of £100,000, which jumped by a third to more than 150,000 in the first six months of the year. The FOI revealed…
Read more
New research by the Skipton Group has highlighted the alarming nature and scale of the housing crisis facing millions of adults trapped living with their parents. The data shows that an overwhelming majority are stuck – 98% of them are unable to afford to buy the average first-time buyer home in their area based on their…
Read more
One in seven (14%) adults have never checked their pension, despite reviewing their other financial products more frequently according to new research by Standard Life. Those who are closest to retirement are more likely to have not engaged with their pension, with 17% of over 55s admitting they’ve never checked theirs, compared to 12% of…
Read more
Millions of drivers in the UK admit to driving without insurance due to the recent rise in premium costs according to new research by CRIF. The findings show that 5% of motorists have previously driven without motor insurance due to rising costs, despite it being a legal requirement. This equates to around 1.4 million drivers…
Read more
Consumer confidence in the UK has declined, with GfK’s Consumer Confidence Index showing a fall by two points to -19 in September. Neil Bellamy, Consumer Insights Director at GfK, an NIQ Company, said “There’s an autumnal chill in the air this month, with all five measures of consumer confidence down and the Overall Index Score for September…
Read more
Target Group has announced that it has strengthened its risk and compliance management with the appointment of Jennifer Read as the company’s new Head of Risk. Read brings nearly 20 years of experience to Target in operational risk and governance, working across financial services and fintech in banking and markets, savings and asset management. Starting…
Read more
Just 19% (12,430) of the 66,860 senior executives in the UK financial services businesses are women according to analysis. by Fox & Partners. The share of senior roles held by women within financial services businesses has increased only marginally on the 18% of senior roles held by women a year ago. The data covers senior…
Read more
The Bank of England Monetary Policy Committee (MPC) has voted to hold interest rates at 4.0%. Commenting on the MPC’s decision not to change the Bank Rate Paul Broadhead, Head of Mortgage and Housing Policy at the Building Societies Association said “CPI Inflation has remained elevated at 3.8% and is expected to stay higher for…
Read more
Camco Finance and LendingMetrics have announced a new partnership. Camco Finance, a specialist flender or the motorhome, caravan and campervan sector will be using LendingMetrics’ multi-award-winning ADP to assess and onboard customers. Its selection of the platform was based on LendingMetrics’ ability to deliver an automated solution swiftly and cost effectively. David Wylie, Commercial Director…
Read more
The Building Societies Association (BSA) has announced the appointment of Sarah Harrison as its next Chief Executive Officer (CEO). Harrison, has over 30 years in strategic leadership roles as a public servant, working both for regulators and the government and will take up the role from 1st December. Harrison joins the BSA from the UK…
Read more
New data by Scottish Widows has found that over half of people admit to doing little to no research on retirement. The analysis also revealed many aren’t doing enough to prepare for retirement with nearly a quarter of people (23%) aren’t currently saving for retirement at all, and over a third (39%) aren’t saving nearly…
Read more
Co-op Insurance, which forms part of Co-op Group, has announced the expansion of its presence in the financial services market by offering personal loans, in partnership with ClearScore. The move into loans follows feedback from member-owners, who expressed a desire for greater access to finance, particularly loans. Through its loans panel, Co-op Insurance aims to…
Read more