As we continue through 2023, enduring financial uncertainty and challenging economic circumstances are faced by both individuals and businesses alike. The war in Ukraine, energy shortages, price inflation, political instability and the ‘cost-of-living’ crisis are daily issues impacting everyone.

2023 is well underway but I believe it’s important to reflect on the past year, celebrate what’s been good, recognise what the challenges have been and how our experiences will shape the future.

The final Policy statement on Consumer Duty was published last July by the FCA. In this much anticipated document the final rules and guidance for a new Consumer Duty set out higher and clearer standards of consumer protection across financial services and the additional requirements needed from firms to put their customers’ needs first.

Premium Credit is pleased to announce recertification of its Payment Card Industry Data Security Standard (PCI DSS). PCI DSS is an evolving information security standard created by the Payment Card Industry Security Standards Council (PCI SSC) providing a unified approach to how payment card data should be protected during its lifecycle.

Chartered Insurance Institute webinar Consumer Duty is coming - are you ready to introduce this latest regulation? Premium Credit’s Martyn O’Connor, Head of Risk & Compliance and Jon Howells, Chief Commercial Officer join BIBA’s David Sparkes, Head of Compliance & Training, as they unpack this hot topic in the CII’s latest webinar.

2022 saw Premium Credit achieve a new record of more than £4 billion in net advances financed with its Irish operation contributing strongly by having its own record year.