(March 2023) Monthly Debt News looks at debts and the causes of debts in Britain from a variety of sources selected for professionals to make the debt sector simple ---------------- This month’s Debt News includes - extended energy bill support - FCA expects the debt sector to implement consumer duty - students in debt - Surrey Council insolvent - Bitesize stats. Energy bill support to be extended as price rise looms. Support for energy bills from the government is expected to continue for three months from April, protecting consumers from an average increase of £500. Sky News understands the chancellor will cancel a reduction in support that would have seen typical annual bills rise from £2,500 to £3,000. More here: Link (Sky) ---------------- FCA wrote to COA/Director on 21 February of Debt Advice sector to implement Consumer Duty Consumer Duty is a significant shift in our expectations of firms. It introduces a more outcomes-focused approach to consu...
Ripon Ray has worked in the debt advice sector for over 14 years. His work includes front-line advice & training, developing advice services, quality framework and working with regulators. He created template letters to develop confidence among those struggling with debts. He founded a series of podcasts to show the link between debt and other sectors by getting industry experts together.