News

59% of SMEs Using Credit to Cover Their Insurance Premiums

New research from the UK’s leading insurance premium finance company, Premium Credit, reveals that 59% of SMEs are relying on credit to pay for their insurance, borrowing on average around £1,105.  Nearly one in ten […]

Insurance Regulation

FCA Hiring 80 Staff To Boost `Rogue Firm’ Shutdown Powers

The FCA has launched a new strategy to improve outcomes for consumers and in markets throughout the UK. As the FCA’s remit is broad and growing, the three-year strategy prioritises resources to prevent serious harm, set higher […]

Household Insurance

Homeowners Are Borrowing to Fund The Race For Space

The pandemic has prompted many homeowners to increase the footprint of their living area. Could be an extension, new loft, summer house/office etc. Then there’s the mass exodus from London, which has enabled those winners […]

News

FCA Updates Guidance on Car Finance Debts – No Repossessions Until November

The Financial Conduct Authority (FCA) has today confirmed the support that will be available for users of motor finance, buy-now pay-later, rent-to-own, pawnbroking and high-cost short-term credit products, who continue to face payment difficulties due […]

News

Biggest Used Car Retailer in The USA Takes a Covid-19 Hit

The largest retailer of used cars in the USA recently posted some financial results, showng the impact of Covid-19; “We accomplished a lot this quarter, despite the challenges the pandemic posed,” said Bill Nash, president […]

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News

Companies Exasperated With Banks’ Covid Response Plan to Shift Money

Four in 10 businesses are planning to change their banking provider due to the slow support that has been offered during the COVID-19 outbreak. This is according to official research commissioned by Encompass Corporation, the […]

Insurance Regulation

Car Finance & Leasing: FCA Updates Guidance to Lenders

The Financial Conduct Authority (FCA) will be introducing the package of measures outlined last week to support consumer credit customers facing payment difficulties due to coronavirus (Covid-19). The targeted temporary measures being implemented are a […]

News

Car Finance Payment Holiday: FCA Asks Lenders For More Debt Solutions

Coronavirus is pushing the UK into a deep recession, as millions of jobs vanish, small businesses go bust and lots of self employed people are reduced to claiming for benefits as the lockdown continues. Furlough […]