DEMSAPlus

DEMSA Column: FCA / Insolvency stats / Data Protection / Vulnerability / Consumer Understanding / Collaborations / Events

In today’s bulletin: General update Council tax arrears on the rise CSJ report – Vital Signs The Data Use and Access Act 2025 (DUAA) Personal insolvency statistics Collaborations Events   General update Since I have been away, we seem to have had a number of government U-turns. The PM has said his welfare reforms strike "the right balance" after making concessions to his own backbench MPs (not for the first time). As part of the U-turn on welfare reforms, ministers… Read more

KEY THEMES+ ¦ DEMSA Summary

What you need to know this week Government confirms 1.2% average annual real-terms increase in departmental spending between 2025/26 and 2028/29. Local Government DEL to rise from £15bn in 2025/26 to £15.8bn by 2028/29. HMRC receives £500m to deliver 90% digital self-service by 2029/30. 2,400 new HMRC debt management staff and 5,500 compliance roles confirmed. £1.9bn investment in cross-department digital and AI transformation announced. NHS England to be merged into the Department of Health and Social Care by 2025/26. Valuation… Read more

DEMSA Column: News / Vulnerability / Spending Review / MaPS Standards / Collaborations / Events

In today’s bulletin: General update IVA Protocol update and IPA 2024 IVA Volume Provider report FCA review of Motor Finance Commissions Debt Buyer, DCA and BPO event on 17 June 2025 at the Treehouse Hotel in Manchester Collaborations Events   Debt Adviser Apprenticeship Scheme General update Apparently, Tesla shares have tumbled as the Trump-Musk feud erupted. Shares in the electric car company dropped 14% at one point, wiping out roughly $150 billion in market value in one of the worst… Read more

KEY THEMES+ ¦ DEMSA Summary

What you need to know this week The FCA is reviewing motor finance commissions, with potential for a redress scheme affecting over 2 million customers. NatWest suffered a major outage, highlighting continued risks to operational resilience in essential financial services. HSBC UK CEO underscores the sector’s high cybersecurity costs and focus. ICO released new guidance on data breaches and launched a strategy on AI and biometrics regulation. Lowell’s Financial Vulnerability Index shows vulnerability at its highest since the pandemic. Ofwat… Read more

DEMSA Column: FCA updates / ICO updates / AI / Operational Resilience / Debt matters / Collaborations / Events

In today’s bulletin: General update IVA Protocol update and IPA 2024 IVA Volume Provider report FCA review of Motor Finance Commissions Debt Buyer, DCA and BPO event on 17 June 2025 at the Treehouse Hotel in Manchester Collaborations Events   Debt Adviser Apprenticeship Scheme General update Apparently, Tesla shares have tumbled as the Trump-Musk feud erupted. Shares in the electric car company dropped 14% at one point, wiping out roughly $150 billion in market value in one of the worst… Read more

KEY THEMES+ ¦ DEMSA Summary

What you need to know this week Average UK private rents increased 7.4% year-on-year to £1,335 as of April 2025. A revised IVA Protocol will take effect from 1 July 2025, with significant safeguards for consumers. 4,000 individuals may still claim DRO-related refunds via the Insolvency Service. Ofgem mandates £18.6m in redress for unauthorised prepayment meter installations affecting 40,000 customers. FCA updates 11,000 firm requirements and permissions, impacting over 9,000 regulated entities. Aryza acquires Webio to accelerate AI integration across… Read more