DEMSA update: Collaborations / Duty / Vulnerability / FOS news / Events / Duty Training

In today’s bulletin General updateFeatured event – exploring being ‘Dementia Friendly’Guidance for creditors listed in a Debt Relief Order (DRO)Ombudsman News 184Citizens Advice - Debt time bomb: countdown to a household debt disasterBSI ISO 22458 updateCollaborationsEventsConsumer Duty virtual training General update Interest rates were held this week following an unexpected reduction in inflation. On 20 September 2023, the Office for National Statistics (ONS) published data showing that twelve-month inflation in the Consumer Prices Index (CPI) was 6.7% in August 2023.… Read more

DEMSA update: Debt Talk / Personal Insolvency / Industry news / Consumer Duty / Collaborations / Events / Training

In today’s bulletin General updateDebt Talk with Ripon Ray on personal insolvency options in England & WalesGovernment proposals around personal insolvencyInsolvency Statistics for August 2023Reputable customer satisfaction results important under the DutyCollaborationsEventsConsumer Duty virtual training General update The UK economy shrank more than expected in July, driven by strike action by NHS workers and teachers, according to official figures. UK Finance latest Payment Markets Report shows payments trends across 2022 and forecasts to 2032 A half of all payments are… Read more

DEMSA update: Volume providers / Gambling / Parking fines / Cold calling ban / MaPS deficit budgets / Events / Duty training

In today’s bulletin General updateMaPS deficit budget findingsMonitoring Volume IVA and PTD providers - GOV.UKHM Treasury consultation on cold callingPrivate Parking Charges and Debt Recovery Fees impact assessmentMajor Gambling reformFeature article by Barry HindEventsConsumer Duty virtual training General update Octopus has announced it will buy Shell's household energy business in the UK and Germany. They said that it will take over providing energy for 1.4m homes as well as broadband services for 500,000 customers. Prices rose 6.9% in the year… Read more

DEMSA update: Vulnerability collaboration / SFS / The Insolvency Service / Ofgem / Cyber / Events

In today’s bulletin General updateSFS updateIVA volume declineRooted Finance and a ‘deep dive into diversity – featured postVulnerability collaborationOfgem energy prices – post by Johnny TimpsonCategorising UK cyber incidentsDuty TrainingEvents General update I published a Sunday evening post after the dust had settled on last weekend, which included the disappointment of the Lionesses narrowly losing in the ladies football World Cup. Since then we have had announcements from Ofgem regarding the cap from October (see story below). Both MAT and… Read more

DEMSA update: Breathing Space / DPP / Building a better DMP / IVA decline / AI / Training / Events

In today’s bulletin General updateOpen letter from the Gambling CommissionThe future role of Breathing Space in England & WalesReducing IVA volumes – is there a ‘root cause’?Personal debt remedies in Scotland - what can we learn South of the border?Focus on AI/MLSafeguarding your insolvency practice against cyberattack and ransomware threatsCollaborationsDuty training events General update Following this week’s inflation figures, financial markets currently expect the Bank of England will raise interest rates to 6% by the end of the year. According… Read more

DEMSA update: IPA update / Personal Insolvency reform / Collaborations / FCA Duty / Training events

In today’s bulletin General updateConsumer Duty – intelligibility and consumer understanding under the Consumer DutyCall for evidence: Review of the personal insolvency frameworkConsultation outcome on Insolvency Service Official StatisticsIPA communication to IPsCollaborationsDuty training events General update The UK economy grew in the 3 months to June 2023, according to ONS where GDP increased by 0.2% in Q2 and was up 0.5% in June alone. However, a sharp rise in tax payments and cuts to energy subsidies in the UK were… Read more