1 / 16

DAS Workshop 28 June 2012

DAS Workshop 28 June 2012. Karen Halford DAS Senior Manager, AiB AND Melanie Taylor Head of Corporate Relations, Think Money. The Changes. Widen Money Advice Gateway DAS Administrator administers DPPs from free sector money advisers Include the private sector New central IT system – DASH

thaddeus-cortez
Download Presentation

DAS Workshop 28 June 2012

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DAS Workshop28 June 2012 Karen Halford DAS Senior Manager, AiB AND Melanie Taylor Head of Corporate Relations, Think Money

  2. The Changes • Widen Money Advice Gateway • DAS Administrator administers DPPs from free sector money advisers • Include the private sector • New central IT system – DASH • Joint DPP for couples • DPPs for single debts • 6-month payment holiday • Change payment distribution process • Recovers costs to public purse

  3. The Benefits • Increased transparency through DASH • Increased choice and availability to debtors • Regulations to improve payment distribution • Creditors more involved in the process

  4. Some Numbers Applications: • 2273 DPP applications under new Regulations • 3319 approved financial year 2010/11 • 1910 approved financial year 2011/12 • 784 joint applications - 475 joint applications approved - 309 joint applications rejected • 130 applications with single debt - 73 applications approved - 67 applications rejected

  5. Some Numbers Variations (includes payment holidays): • 993 applications to vary a DPP • 974 variations approved • 21 variations rejected Fair & Reasonable Tests: • Approx 4300 applications where F&R carried out • Approx 2700 applications approved following F&R test

  6. Numbers since new Regulations 1 July 2011 – 31 May 2012 Revocations from 1 July 2011 to 31 May 2012: • 629 Revocation Requests • 482 Revocations Accepted • 147 Revocations Rejected

  7. Numbers since new Regulations (1 July 2011) Average debt Prior to July 2011: £24,194 July 2011 - May 2012: £18,978 Average DPP duration Prior to July 2011: 8 years 5 monthsJuly 2011- May 2012:6 years 8 months

  8. Numbers since new Regulations (1 July 2011) Gender split 45% male, 55% female (from 1 July to 31 Dec 2011)

  9. DAS Approved Money Advisers • 93 Approved Money Advisers pre-July 2011 • Now 109 active Approved Money Adviser organisations • 78% free sector, 22% fee-charging

  10. DAS Approved Money Advisers The split of cases since 1 July 2011 is • 35% free sector, 65% fee-paying

  11. The Changing Face of DAS Questions…?

  12. The Changing Face of DAS Workshop Question 1: What do you think is working well or better?

  13. The Changing Face of DAS Workshop Question 2: What do you think is not working so well?

  14. The Changing Face of DAS Workshop Question 3: What do you think still needs to be addressed?

  15. Contact Information DAS team contact details DAS Helpline 0300 200 2770 DAS email das@aib.gsi.gov.uk New DAS website www.dasscotland.gov.uk Help Centre Guidance Notes

More Related