Demsa Summary

Summary – Read the full update here (including all the links & more) This weeks bulletin update from DEMSA, covers several key topics including a featured event on dementia awareness, guidance for creditors in Debt Relief Orders (DRO), Ombudsman News 184, and an alert on a potential household debt disaster by Citizens Advice. The update also touches on BSI ISO 22458, collaborations, events, and Consumer Duty virtual training. Notably, the article mentions the holding of interest rates following a reduction… Read more

Summary – Read the full update here (including all the links & more) The latest bulletin from DEMSA provides insights into various topics including the state of the UK economy, personal insolvency options in England & Wales, government proposals around personal insolvency, and insolvency statistics for August 2023. The bulletin also touches upon the importance of reputable customer satisfaction results under the Duty, collaborations, events, and consumer duty virtual training. Key Points The UK economy experienced a significant contraction in… Read more

Summary – Read the full update here (including all the links & more) In the latest DEMSA update, notable developments in the financial sector and advancements in Consumer Duty implementation are highlighted. The update covers a wide array of topics, from acquisitions in the energy market to regulatory interventions, debt advice, and gambling reform. Key Points Octopus’s acquisition of Shell’s household energy business and broadband services.Trends in working households, workless households, and employment statistics.Analysis of UK spending on credit and… Read more

Summary – Read the full update here (including all the links & more) This weeks DEMSA bulletin highlights a series of updates, ranging from a general overview to specific topics such as the SFS update, the decline in IVA volume, and a deep dive into diversity by Rooted Finance. It also touches upon the collaboration on vulnerability, Ofgem’s energy prices, and the categorization of UK cyber incidents. Amidst these updates, there’s a notable emphasis on the recent announcements from Ofgem… Read more

Summary – Read the full update here (including all the links & more) This week’s DEMSA update discusses the influence of inflation rates, communication dynamics and the latest breathing space statistics within the UK. Covering diverse areas, from inflation and language diversity to debt management tools and cybersecurity, the update discusses the current financial landscape’s intricacies and challenges. It highlights Breathing Space as a prominent tool for debt management and underscores the significance of differentiating between problem gambling and gambling-related… Read more

Summary – Subscribe and read the full update here (all the links & more) In the latest DEMSA bulletin, a focus the Consumer Duty, a review of the personal insolvency framework, and the outcome of a consultation on Insolvency Service Official Statistics. The UK economy witnessed growth in the three months leading up to June 2023, with a notable increase in GDP. However, household incomes faced a decline due to increased tax payments and reduced energy subsidies. The housing market… Read more