DEMSA bulletin: Duty event 7 June / IVA volume provider report / FCA activity / Cyber and Operational Resilience / Collaborations…

In today’s bulletin:

General updateIVA Volume Provider Report 2023Duty event – 7/6/2024Digital Markets, Competition and Consumers (DMCC) Bill was passed by the UK Parliament on 23 May 2024Review of Scotland’s statutory debt solutions - Part 3Scottish Mental Health Moratorium RegulationsDORA in the UK: What you need to knowTo BCC or CC that is the questionCollaborationsEvents

General update

Ofgem has announced that its energy price cap will drop to £1,568 from 1 July 2024, a decrease of 7% compared to April’s level. However, National Debtline stats suggest that 36% of people contacting them are struggling with energy arrears. They are calling for a ‘Help to Repay’ scheme to provide repayment matching and debt write off options for households facing unaffordable energy debts.

StepChange April 2024 statistics showed that 29% of clients responsible for paying electricity bills were in arrears with their payments in April 2024, which was 3% higher than March...

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