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Industry > Firms


Debt purchaser agrees redress package

A debt purchase and collections firm has agreed with the Financial Conduct Authority (FCA) to provide redress to more than 500,000 customers for historic failures in its due diligence and collections process. Read full story


Shortlist revealed for TRI Awards 2016

Insolvencynews.com can today reveal the full shortlist for the 2016 Turnaround, Restructuring and Insolvency (TRI) Awards, sponsored by Capa, as the rebranded scheme returns for its ninth year. Read full story


Chancellor names new FCA chief

Chancellor George Osborne has announced that Andrew Bailey, the current chief executive of the Prudential Regulation Authority (PRA), will be the new permanent chief executive of the Financial Conduct Authority (FCA). Read full story


Pre-pack pool members revealed

The government has revealed the members of a pool of independent experts who will review pre-pack business insolvencies – when the business is sold to a connected party. Read full story


MPs: HMRC’s customer service is ‘worse than abysmal’

An MPs committee has slammed HMRC’s customer service, claiming its “abysmal” customer service is a threat to tax collection. Read full story


Lloyds posts 64% fall in impairment charges

Bad debt losses at Lloyds Banking Group have fallen 64 per cent to £336m in the nine months to September 2015, compared to the same period in 2014. Read full story


British Business Bank offers £100m for asset finance

The British Business Bank will provide a £100m facility to Hitachi Capital UK to fund a portfolio of new asset finance deals for SMEs. Read full story


FCA sets out PPI rule changes in light of Plevin

Financial firms facing payment protection insurance (PPI) complaints should presume that if they failed to disclose charging commission of 50 percent or more, the contract is “unfair”, according to new proposals. Read full story


Begbies acquires P&A Partnership assets in £860,000 deal

Begbies Traynor Group, the business recovery and property services consultancy, has acquired the trade and certain assets of The P&A Partnership in a pre-packaged administration. Read full story


Finalists revealed for the Collections and Customer Service Awards 2015

The shortlist for Credit Today’s Collections and Customer Service Awards 2015 has been announced, with 50 finalists in the running to win 11 awards. Read full story


Forbearance for struggling home owners hits record level

A record proportion of people struggling to pay their mortgages are being allowed to suspend or cut their payments, according to a study published today. Read full story


DEMSA announces merger with debt advice body

The Debt Managers Standards Association (DEMSA), a trade body for debt management and IVA firms, has today announced a merger with another trade association. Read full story


“Massively beneficial to our business”: I&R Awards winners hail the effects of success

As the judging day to decide the 2015 I&R Awards winners draws closer, Insolvencynews.com has conducted a series of Q&As with last years’ all-conquering entrants, to find out the effects of success on their companies. Read full story


FCA drops probe into Quindell

The Financial Conduct Authority (FCA) has dropped its investigation into the struggling insurance outsourcer Quindell plc, enabling the Serious Fraud Office (SFO) to lead its own probe into the firm. Read full story


Taken off the shelf: Magazine publishers closed for misleading advertisers

Two companies that produced a motorbike magazine for the Federation of British Police Motor Clubs (FBPMC) – have been wound up in the high court for misleading advertisers. Read full story


Government bans anti-invoice finance terms

Businesses will be freed from restrictive contract clauses that prevent them from gaining invoice finance, when new measures come into force early next year. Read full story


Chantrey Vellacott partners complete MBO

Partners in the business recovery arm of Chantrey Vellacott have completed a management buy-out of the division. Read full story


HSBC’s profits up 10 per cent, as impairments drop £180m

HSBC has posted a pre-tax profit rise of 10 per cent to £8.7bn for the first half of 2015, compared with £7.9bn for the same period last year. Read full story


Corporate insolvencies fall 7.5 per cent

The level of corporate insolvencies in the second quarter of 2015 has fallen 7.5 per cent year on year, as many practitioners continue to see fewer formal appointments. Read full story


Revealed: The finalists of the 2015 I&R Awards

Insolvencynews can today reveal the full shortlist for the 2015 I&R Awards, sponsored by Capa, as the scheme returns for its eighth year. Read full story