News and insight

The UK Finance press office provides industry comment, information and data on banking and finance issues. We have a wide range of spokespeople available to speak to the media.

Journalists and media outlets can contact the press office on 020 7416 6750 or email press@ukfinance.org.uk. A duty press officer is always available via the same contact details for out of hours queries.

We are unable to deal with individual customer queries. Please contact your finance provider directly.

 

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The “Make-Or-Break” Moment for Motor Finance: Data Preparation

01.05.24

Blog

The “Make-Or-Break” Moment for Motor Finance: Data Preparation

Discretionary or variable commission arrangements are a mechanism that enables brokers or dealers to raise the interest rate charged to consumers in order to earn higher commission. As a result, the charged rate often exceeds the prevailing consumer rate.
Chief Executive newsletter - April 2024

30.04.24

Chief Executive Newsletter

Chief Executive newsletter - April 2024

This month we share an update from our Economic Crime Information and Intelligence Unit on the work they have been doing to detect and prevent fraud and financial crime as well as launching our report on Variable Recurring Payments (VRPs) Model Clauses and latest figures from our Monthly Economic Insights report.
Strengthening the UK's Financial Operational Resilience

29.04.24

Blog

Strengthening the UK's Financial Operational Resilience

As the clock ticks towards the critical March 2025 deadline, the urgency for UK financial institutions to bolster their operational resilience has never been greater.
Cash ISA Transfer Performance – Q1 2024

26.04.24

Press release

Cash ISA Transfer Performance – Q1 2024

A voluntary agreement between The Building Societies Association (BSA), The Investing and Saving Alliance (TISA) and UK Finance, sets a target of a minimum of 85 per cent of cash ISA transfers to be completed within seven working days for 2024.
Commercial finance at a critical juncture

24.04.24

Blog

Commercial finance at a critical juncture

After a period of continued geopolitical uncertainty, economic insecurity, the challenges of intense technological change and disruption, in addition to ongoing regulatory developments, the commercial finance industry stands at a critical juncture – from an economic, political and regulatory perspective.
UK Finance publishes report to facilitate commercial Variable Recurring Payments

22.04.24

Press release

UK Finance publishes report to facilitate commercial Variable Recurring Payments

The new arrangements are a significant step in the further development of Variable Recurring Payments
UK banks embrace digital transformation: fintech collaboration key to future success

22.04.24

Blog

UK banks embrace digital transformation: fintech collaboration key to future success

The UK banking and financial services industry is ripe for a digital transformation, offering a myriad of challenges and opportunities on the digital frontier.
Thoughts on the FCA’s PS24/02

19.04.24

Blog

Thoughts on the FCA’s PS24/02

Strengthening provisions for borrowers in financial difficulty and the impact on mortgage firms