Credit, Collections & Insolvency News
Nearly one in eleven people in Britain say they are living with dental pain because they cannot get treatment, according to research by banking app thinkmoney. The data showed that while 11% of people say they avoid the dentist as they are scared of the drill, almost as many – nearly one in ten (9%)…
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Latest analysis has found that enforcement agents signposted thousands of people in financial difficulty to specialist advice through an online support hub within the first year of its launch. The CIVEA-NSN Support Hub was set up by the National Support Network (NSN), in partnership with the Civil Enforcement Association (CIVEA), wad launched to help people…
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The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have announced that firms will benefit from reduced costs and greater flexibility, and find it easier to comply with the Senior Managers and Certification Regime (SM&CR). The changes, which come as the first phase of a multi-stage package of reform from the Government and regulators, will maintain the core principle of senior leader accountability, and will benefit firms by giving more time to submit senior…
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New official figures published by Accountant in Bankruptcy (AiB) show a marked deterioration in both personal and corporate financial distress across Scotland in the first quarter of 2026, with insolvencies rising significantly compared with the same period a year ago. There were 2,003 personal insolvencies, encompassing bankruptcies and protected trust deeds, in the January to…
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New figures on small business lending reveal a 65% surge in applications for Personal Guarantee Insurance in Q1 2026. The data from Purbeck Insurance Services, shows the scale of risk that comes with running a small business, as more directors sought cover in the first quarter of 2026 than at any time previously, each having…
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Billpayers are set to benefit from a stronger energy regulator, under reforms of its remit set out by the Government. The transformation will empower the energy regulator, Ofgem, to ensure energy consumers are treated fairly, including measures to guarantee good market practice. This is the first major update to Ofgem’s scope since the regulator was…
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The Government has announced new measures on how it intends to modernise payment services regulation and update it to support innovations in money and payments. The measures include improving the regulation of payment services and electronic money by integrating it with the UK’s core regulatory approach for financial services. This will mean establishing a single,…
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UK inflation remained increased to 3.3% in March, according to the latest data from the Office for National Statistics (ONS), up from 3.0% in the 12 months to February. On a monthly basis, CPI rose by 0.7% in March 2026, versus a rise of 0.3% in March 2025. Motor fuels made the largest upward contribution…
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The Association of British Credit Unions (ABCUL) has announced it has rebranded to become All Together Money. All Together Money says that the change in name reflects a renewed commitment to bringing credit unions together, strengthening their collective voice and helping them grow in a fast-changing world. Built on cooperation, not competition, All Together Money…
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While the use of AI in payments management continues to grow, the UK is proving slower to adopt AI solutions than its European peers, with skills gaps and regulatory uncertainty slowing progress according to new research by Intrum. Intrum’s European Payment Report, based on a survey of over 8,000 businesses in 20 markets, is produced…
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Research commissioned by Corpay has found that many organisations continue to rely on manual or partially manual spend processes, while finance leaders increasingly view automation and card-led payments as strategically important. The research of 300 CFOs, including those in retail, wholesale, manufacturing, and IT sectors, found that more than eight in ten CFOs (83%) agree…
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Consumer confidence declined by three percentage points during the first quarter of 2026 to reach its lowest level since Q3 2023, according to the latest Deloitte Consumer Tracker. The fall in confidence, based on responses from 3,200 UK consumers aged 18+, was also the biggest quarterly drop since Q1 2022. Overall confidence was also down…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 7% in March 2026 when compared to the previous month. and were on similar levels to March 2025. March’s increase suggests that oil price spikes and renewed inflation concerns linked to escalating conflict in the…
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