Scottish Parliament Recommends against Standard Financial Statement

Scottish Parliament Recommends against Standard Financial Statement

The Scottish Parliament’s Economy, Energy and Fair Work’s Committee’s latest recommendations are that Scotland does not adopt the Standard Financial Statement in 2019/20 as the Common Financial Tool and instead continues with the Common Financial Statement for another year. The Common Financial Tool is the mechanism with which it is decided how much Scottish consumers […]

Standard Financial Statement: Is it fit for purpose in Scotland?

Standard Financial Statement: Is it fit for purpose in Scotland?

The Credit Services Association (CSA), a trade body that represents debt recovery and purchase organisations, has raised its concerns that new guidelines for the Standard Financial Statement (SFS) may exacerbate the position many consumers find themselves in when struggling with problem debts. The Standard Financial Statement, which the Accountant in Bankruptcy (AIB) have recommended be […]

North Ayrshire CAB Closure Highlights Risk to Front Line Advice Services

North Ayrshire CAB Closure Highlights Risk to Front Line Advice Services

The announcement that North Ayrshire Citizen Advice Service (NACAS) is closing its doors at the end of this month, after twenty years, brings into sharp focus the critical issue of funding that advice agencies in Scotland are now facing. It also urgently underlines the need for a national discussion on how front-line advice services are […]