The overall debt held by pensioners in the UK is expected to top £86 billion by the end of 2018.

Pensioner debt to top £86 billion by end of year

The overall debt held by pensioners in the UK is expected to top £86 billion by the end of 2018. The original estimate for 2017 was £65 billion, but consumers were borrowing at a much faster rate and the true figure was £78 billion. Now the latest prediction is that the retirement lending market will …

Regulators fight together against scammers

Regulators fight together against scammers

Britain’s regulators are coming together in a fight against the increasing number of financial scams and other risks in the pensions sector. The Pensions Ombudsman (TPO) and The Pensions Regulator (TPR) have signed an information sharing agreement about complaints and concerns within the industry. TPR have also joined with the Financial Conduct Authority (FCA) to …

Barclays pay £5.3 billon for last B&B mortgages

Bafrclays consortium buys last B&B mortgages

A consortium headed by Barclays Bank has bought final two Bradford & Bingley mortgage books from the government for £5.3 billion. The closed books were sold by UK Asset Resolution who have been managing them since B&B were nationalised at the height to the financial crisis.

Churchill Sloan wins Feefo Gold Trusted Service Award

Feefo Gold Award

Churchill Sloan Ltd has won the Feefo Gold Service award, an independent seal of excellence that recognises businesses for delivering exceptional experiences, as rated by real customers. Created by Feefo, Trusted Service is awarded only to those businesses that use Feefo to collect genuine ratings and reviews. Those that meet the high standard, based on …

Is your credit score stopping you getting a mortgage?

Is your credit score stopping you getting a mortgage?

Saving your deposit may seem the most important thing in getting your mortgage, but don’t ignore your credit score too. Price comparison site Moneyfacts said recent research has shown that many prospective buyers struggle to get a mortgage because of their poor credit rating.