DEMSA update: General update / Financial promotions / Training / Events

In today’s bulletin

General updateFinancial promotions in focusTrainingEvents

General update

Talk Money Week

We have come to the end of Talk Money Week and MaPS has been featured strongly during the week along with a number of posts on LinkedIn and other media. On 10 November, MaPS issued a press release with the headline “Rising cost of living sees over 11m people seek money help in the last 3 months”.

I sometimes have a problem with statistics by the FCA, MaPS and others based on survey data that has been ‘scaled up’ to provide ‘national’ figures (ONS=52.9m people aged 18 or over in the UK). This is not uncommon with financial resilience and people with characteristics of vulnerability where interventions may be required. I have attached the LSB document that represents a summary document of a larger report around the cost-of-living crisis and the outcomes of firms attempts to more pro-actively engage with these customer profiles with very mixed results. It suggests t...

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