- BNPL Popularity: 33% of UK consumers have utilized BNPL products, underpinning the need for clear regulatory and data access frameworks.
- FCA “Dear CEO” Letter: Focuses on the responsibilities of financial firms managing closed products and services, particularly in relation to debt buyers.
- Impact of Energy Sector on Debt: Discussions about how the energy sector can collaborate with debt advisors to tackle problem debts effectively.
- Telecoms and Debt Advice: Significant reliance on telecom providers by customers for debt advice, indicating the sector’s role in financial health.
- Homeowner Debt Outlook: Concerns about how macroeconomic factors like interest rates and inflation affect homeowners with debts.
- IVA Provider Discussions: Insights from a recent event discussing the treatment of equity in IVAs and potential simplifications.
- Individual Insolvency Statistics for April 2024: Release scheduled for June, with expectations of detailed insights into trends.
- Breathing Space Initiative Growth: A noticeable increase in registrations, reflecting greater utilisation of this debt relief tool.
- Smarter Regulation Initiative: Government’s response to streamline regulations and reduce bureaucratic burdens across sectors.
- Vulnerable Consumer Data-Sharing: Publication of principles guiding data-sharing, aimed at enhancing protections for vulnerable groups.
- Economic and Financial Abuse: A report highlighting the need for better support structures for victim-survivors of economic abuse.
- Telecoms Customer Debt Support: Data showing a high percentage of telecom customers seeking debt advice directly from their service providers.
Access the full summary – key themes, links and the full newsletter here
Access all the summary updates here
RO-AR insider newsletter
Receive notifications of new RO-AR content notifications: Also subscribe here - unsubscribe anytime
