What you need to know this week
- Ofgem has set the energy price cap at £1,717 starting from 1st October 2024, reflecting a 9.5% increase.
- StepChange reports ongoing difficulties for households managing energy bills despite recent price falls.
- Changes to Winter fuel payments will affect over 10 million older people, removing a £300 benefit.
- Research indicates significant struggles among older people in managing water bills.
- AI reliance could increase vulnerabilities to cyberattacks and data breaches.
- The UK Finance Annual Mortgage Conference emphasised the need for supporting vulnerable customers.
- Enforcement remains the last resort for unpaid traffic penalties, as highlighted by CIVEA.
- Personal insolvency statistics for July 2024 show a noticeable increase in DROs following eligibility adjustments.
- The debate on automating DRO eligibility assessments for efficiency is under discussion.
- AI’s role in data protection within the generative AI supply chain is a priority for the ICO.
- Training on vulnerability management scheduled for 14th October 2024, focuses on practical applications in financial services.
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