Practitioners’ Association (IPA) will monitor, regulate and
accredit members of the new body that represents the biggest IVA and debt
resolution companies in the country.
At its inaugural meeting, the Debt Resolution Forum agreed to provide
training and independent regulation for its 40 members. Accountancy Age
revealed last May that the IPA was looking at ways for it
to regulate the debt management industry.
The members agreed to sign up to the body’s standards, which include measures
to make sure appropriate advice is given to debtors, fees and charges are made
transparent and advertising material is monitored.
The IPA will make an accreditation visit to all the members over the next 12
‘DRF will drive professional standards, quality advice by members and
individual and fair solutions for both debtors and creditors,’ said DRF chairman
Chris Holmes. ‘Our objective is to ensure that all our members are seen as
trusted partners in the personal debt resolution process.’
UK private investor Endless LLP acquires the high street retailer, saving 840 jobs
The AAT has become the first accountancy body to sign the Women in Finance Charter, which is designed to help achieve gender balance in the financial services industry
Steve Butler of Punter Southall Aspire highlights the importance of pension governance meetings to protect against mistakes and safeguard company reputation
New government measures to target abuse of a VAT simplification scheme may have 'unwelcome consequences' for small businesses, says the institute