| PIC Solutions HealthCheck Maximises Nedbank’s Collections Strategies
During this assignment, PIC Solutions experienced consultants will conduct a HealthCheck on the Banks current collections environment to ensure that existing provisioning and collections policies are aligned with their new strategies. In addition, this assignment will determine any new areas for development; leading to improved business results, best practice benchmarking and revised monitoring procedures. Stuart Parvess, Head of Collections and Recoveries at Nedbank, comments, We are committed to effectively managing our delinquent accounts to minimise bad losses and also maintain the high customer service our customers expect from Nedbank. PIC Solutions understands the various factors impacting our collections environment and this HealthCheck aims to determine if we are meeting these objectives and confirm that our strategies are aligned with collections best practices.
Economists: Finance skills hit peak during middle age
Baseball players are said to peak in their late 20s. Chess players in their mid-30s. Theoretical economists in their mid-40s. But in ordinary life, there's an obvious tension between sheer smarts, often seen in the supple minds of the young, and experience, which comes only with age. Which one is more valuable in making personal-finance decisions? .
College officials owned stock in student loan provider 8:50 AM CDT
The directors of financial aid at the University of Texas at Austin, Columbia University and the University of Southern California held shares in a student loan company that each of the universities recommends to student borrowers, and in at least two cases profited handsomely. The personal stake of the three university officials in the company, now known as Student Loan Xpress, is the latest revelation in an expanding investigation by Attorney General Andrew M. Cuomo of New York into the relationships between student loan companies and universities. Student Loan Xpress is one of the "preferred lenders" recommended at all three universities. Government filings show that the three officials sold shares in a stock offering by the parent company of Student Loan Xpress in 2003 and held additional stock options in the company, known as Education Lending Group.
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