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 […]

The Wyman Report: A review of debt advice funding

The Wyman Report: A review of debt advice funding

Peter Wyman’s review into the funding of the debt Advice sector in England, Wales, Northern Ireland, and Scotland, is disappointing. It contains few observations of note, is uninspiring and was not insightful. The one statement I found myself agreeing with was when he stated: “However, as all good authors say, the opinions, conclusions and recommendations […]