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 now by debit card.

Nearly a third of adults are registered for at least one mobile payment service, while 86% of adults used a form of remote banking. The majority of people across all age groups used remote banking in 2022, ranging from 80% of those aged 65 and over to 95% of people aged 25 to 34.

Anecdotal evidence suggests that people are, for example, making more smaller visits to su...

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