DEMSA update: FCA on vulnerability / ICO / Scams / Insolvency stats / DRO update / Events / Collaborations / Debt Adviser Apprenticeship

In today’s bulletin

General updateFCA release on vulnerability management – firm expectationsGovernment Debt Fairness CharterDRO BlogInsolvency Statistics for February 2024CAP reportOfgem consultation on affordability and debtCollaborations & featuresEventsApprenticeship scheme

General Update

Spotted the post below from Jenny at Refresh, which may be relevant to Fair Value assessments in the wider context of looking at DMPs and IVAs as debt remedies for persistent debt, where the rules are up for review later this year. Risk appetite is likely to be under the microscope if lending to people with low financial resilience and minimal assets. DRO Blog below.

MAT 2023 Outcomes Report

The Money Advice Trust has published its latest Outcomes Report, which shows the impact of the charity’s work helping people and small businesses in financial difficulty in 2023.  Last year the charity helped over 127,300 people to tackle their debts through National Debtline a...

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