View more on these topics

Debt Resolution Forum created

Some 27 firms in the debt resolution industry have founded an industry body for debt resolution companies by creating the Debt Resolution Forum.

Subsequently, a further seven organisations have said they wish to consider participation in the organisation, which will provide a voice for the industry and which will set best practice standards for members which will be policed and enforced by an independent regulator.

The meeting elected a founding board, which has been charged with the responsibility of turning the meeting’s vision into reality.

Amongst other things, the board have agreed that the aims of the organisation would be to provide a voice for companies involved in all aspects of debt resolution throughout the UK and to widen consumer access to debt advice. They also wish to create a set of standards, driven by best practice principles, which would ensure debtors and creditors are treated fairly and transparently by members and that claims made by members for their services are accurate and reasonable.

Only organisations that commit to the standards and principles of the DRF will be allowed to join. A programme of independent audit and independent complaints investigation will ensure membership becomes a valuable commercial privilege.


Badger chosen as new name for Townends Group

The Townends Group has rebranded as Badger Holdings after an employee competition to find a new name. The Townends Group, parent company to Townends & Regents estate agents, Dot Financial Services and Tyser Greewood, adopted the name after a short list of five options was presented to the board. The name Badger holds significance in […]

Will you fund your retirement with a pension or property?

It was revealed last week that over half of the people surveyed by Lincoln Financial Group felt that their property was a safer investment than a pension. Although research shows the average person pays off their mortgage at 56, around 1.58 million do not expect to clear their mortgage until they are 55.

Cost of living up

The cost of living has gone up 16% in the past decade, according to Barclays Life Insurance. Over that period, life insurance has been one of the few products to fall in price.

Nationwide plans online system

Nationwide says it will have its own trading system in place for brokers who don’t want to use the Mortgage Trading Exchange by early 2007. Mortgage Strategy revealed in August that Nationwide was looking at introducing an online platform as a way of maintaining service standards. Nationwide says it is in the process of improving […]


News and expert analysis straight to your inbox

Sign up