DEMSA update: IPA update / Personal Insolvency reform / Collaborations / FCA Duty / Training events

In today’s bulletin

General updateConsumer Duty – intelligibility and consumer understanding under the Consumer DutyCall for evidence: Review of the personal insolvency frameworkConsultation outcome on Insolvency Service Official StatisticsIPA communication to IPsCollaborationsDuty training events

General update

The UK economy grew in the 3 months to June 2023, according to ONS where GDP increased by 0.2% in Q2 and was up 0.5% in June alone. However, a sharp rise in tax payments and cuts to energy subsidies in the UK were to blame for a steep fall in household incomes during the first 3 months of the year, according to the Organisation for Economic Cooperation and Development (OECD).

Concerns are rising around private rental prices as mortgage lending looks like it will contract. UK house prices fell again last month marking the fourth consecutive monthly decline, according to Halifax. Average pay is about to start rising faster than inflation for the first time in over a ...

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