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Industry


Acting CEO to leave the FCA

Tracey McDermott, acting chief executive of the Financial Conduct Authority (FCA), has today announced that she is to leave the organisation on July 1. Read full story


Barclays tops FCA league with 280,000 complaints

Barclays was hit by more complaints than any other financial services firm in the second half of 2015, as more than 279,000 customer grievances flooded into the bank. Read full story


Shortlist announced for Credit Awards 2016

The finalists for the 2016 Credit Awards sponsored by TDX Group have been announced, following an extensive shortlisting process across the scheme’s 27 categories. Read full story


Debt recovery and asset valuation firm in administration

A company that specialises in debt recovery and asset valuation has gone into administration, with RSM Restructuring Advisory being appointed as administrators. Read full story


Insolvency Practitioner jailed for nine-year, £5m fraud

Insolvency Practitioner Kiran Kumar Mistry has been sentenced to three and a half years’ imprisonment, for conspiracy to defraud involving nine companies between 1998 and 2007. Read full story


Shard Media Group acquires Athene Publishing

Athene Publishing Limited, specialist publishing and events provider to the UK Credit, Asset Finance, Business Recovery and Payroll sectors, has been acquired by Shard Media Group Limited for an undisclosed sum. 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


Leonard Curtis saves 1,500 jobs at Blue Inc and Officers Club

Leonard Curtis Business Solutions Group has secured the future of 1,500 employees at A Levy & Son, which trades as Blue Inc and Officers Club, by advising on a restructuring process. Read full story


HMRC rated worst for debt collection practices

HMRC has been rated as the worst organisation for debt collection in a league table of best practice published by Citizens Advice. Read full story


Insolvency Service chair honoured with OBE

The chair of the Insolvency Service’s board, David Ereira, has been recognised in the new year’s honours list with an OBE. 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


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


Government calls for views to improve council tax debt recovery

The Department for Communities and Local Government (DCLG) is calling for views on how to improve the efficiency of council tax collection. 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


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


Late payment behind £2.6bn in overdue VAT

UK businesses now owe almost £2.6bn to HMRC in overdue VAT, as late payment from clients forces them to delay paying tax, a finance provider has claimed. 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


UK SMEs owed £67bn in unpaid invoices

British SMEs are now owed £67.4bn in unpaid invoices, a rise of eight per cent from £62.5bn in the last year alone, according to a new study. 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