DEMSA update: Budget / DROs / FCA / Consumer Duty / AML / Training / Collaborations / Events

In today’s bulletin

General updateDROs – the budget impactStepChange research on debt advice demographicsCollaborations & featuresEventsApprenticeship 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 a BBC report, the Institute for Fiscal Studies (IFS) said households would be worse off at the election, expected this year, than they were at the start of this parliament.

The devil is in the detail in this budget, where the headline statement is reduced NI, but more people will pay tax. A key assessment for debt advisers dealing with higher income households with children is child benefits. The point at which child benefit is withdrawn will now be at a higher level of earnings. Instead of starting to lo...

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