Demsa

In today’s bulletin: General update The changing landscape for IVAs and Creditor Voting Personal insolvency data by region, age and gender StepChange yearbook 2023 The CSA page on the debt collection process MaPS March 2024 Newsletter - update from CEO, Oliver Morley FCA focus on vehicle valuations in write off - does this impact DRO valuations? "Dear CEO" letter to consumer lending market – 20/3/2024 Final guidance for social media promotions confirmed Collaborations Events General update This year will "prove… Read more

In today’s bulletin General update FCA release on vulnerability management – firm expectations Government Debt Fairness Charter DRO Blog Insolvency Statistics for February 2024 CAP report Ofgem consultation on affordability and debt Collaborations & features Events Apprenticeship scheme General Update Spotted the post below from Jenny at Refresh, which may be relevant to Fair Value assessments in the wider context of looking at DMPs and IVAs as debt remedies for persistent debt, where the rules are up for review later… Read more

In today’s bulletin General update DROs – the budget impact StepChange research on debt advice demographics Collaborations & features Events Apprenticeship scheme General Update The budget was the main event of the week, and I issued a quick bulletin on the DRO changes before I left for the FourNet Consumer Duty event on Wednesday evening. I have provided a deeper update on this below as the main item for today’s bulletin. The Budget report covers all of the detail. In… Read more

In today’s bulletin General update DROs – guidance for debt advisers IVA statistics Government retains data sharing power Collaborations & features Events Training General Update MAT on the latest Bank of England figures Findings from National Debtline show more than one in three callers to its service said they regularly use credit to pay for essential household bills. Net borrowing of consumer credit by individuals rose to £1.9 billion in January 2024, from £1.3 billion in December 2023. This was… Read more

In today’s bulletin General update Outputs from the ‘Intelligibility’ event on 21 February 2024 Changes to energy price cap between 1 April to 30 June 2024 Fair Value assessments under the Consumer Duty Martin Hickley data protection update MaPS - Young people leaving school every year without money skills Collaborations & features Events Training General Update FCA speeches and releases on 20 February 2024 I had to hastily adapt my presentation for the ‘Intelligibility’ event after the FCA published a… Read more

In today’s bulletin General update Water companies face fines for poor customer service FCA RFI about ongoing financial advice services and the Consumer Duty Personal insolvency in January 2024 and DROs in 2023 Collaborations & features Events Training General Update Latest GDP figures has indicated that the UK ended 2023 in recession. The figures showed that GDP fell 0.1% in December, following a 0.2% rise in November. GDP was down 0.3% over the three months to the end of December,… Read more