Retirees Sitting on £96.41bn of Personal Debts

New research from retirement income specialist MGM Advantage reveals that the average retired person has £8,180 of personal debt, collectively equating to a staggering £96.41bn.

Councils encouraged to utilise Debt Collection Agencies

Local councils are being urged to utilise private debt collection agencies due to high volumes of debt being written off.
insolvency service targets bounce back loan abusers

FSA Bans and Fines Mortgage Adviser £95,200

The Financial Services Authority has banned and fined Londonderry-based mortgage adviser Gareth Flanagan £95,200 for personal mortgage fraud and regulatory failings.

Energy Firms Turning to Debt Collection Agencies

Energy firms are switching to debt collection agencies as a means of of pursuing customers who switch to another company so as to avoid paying their bills.

Unfair Commercial Practices Directive Changes Could Put Consumers at Risk

The Financial Services Consumer Panel has written to the FSA to raise concerns over the possible abolition of the current opt out for financial services...
rise in collections figures

Press Release: Federal Management Awarded Investors In People

Federal Management has recently announced its achievement of the Investors in People Accreditation, following an assessment carried out in January 2012 by an independent assessor.

CSA Votes to Accept Law Firms as Members

The Credit Services Association (CSA) has voted in favour of allowing law firms to join its Association in a new category of affiliate members.

FSA publishes Business Plan for 2012/13

The Financial Services Authority has published its business plan setting out its priorities for 2012/13, and the implications for the FSA’s budget.
insolvency industry

Budget 2012: Overview

An overview of the key points of Chancellor George Osbourne’s Budget yesterday.

Emerging Markets see Biggest House Price Increase Over Past Decade

Emerging markets saw the biggest increases in house prices over the past decade, according to the Lloyds TSB International Global Housing Market Review.