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DAS Workshop 28 June 2012 Karen Halford DAS Senior Manager, AiB AND Melanie Taylor Head of Corporate Relations, Think Money
DAS Workshop
28 June 2012
Karen HalfordDAS Senior Manager, AiB ANDMelanie TaylorHead 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• Joint DPP for couples• DPPs for single debts• 6-month payment holiday• Change payment distribution
process• Recovers costs to public purse
The Benefits
• Increased transparency through DASH
• Increased choice and availability to debtors
• Regulations to improve payment distribution
• Creditors more involved in the process
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
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
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
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 months
July 2011- May 2012: 6 years 8 months
Gender split 45% male, 55% female (from 1 July to 31 Dec 2011)
Male45%
Female55%
Numbers since new Regulations (1 July 2011)
DAS Approved Money Advisers
• 93 Approved Money Advisers pre-July 2011 • Now 109 active Approved Money Adviser organisations • 78% free sector, 22% fee-charging
Free78%
Fee22%
DAS Approved Money Advisers
The split of cases since 1 July 2011 is– 35% free sector, 65% fee-paying
Free35%
Fee65%
The Changing Face of DAS
Questions…?
The Changing Face of DAS
Workshop Question 1:
What do you think
is working well or
better?
The Changing Face of DAS
Workshop Question 2:
What do you think
is not working so
well?
The Changing Face of DAS
Workshop Question 3:
What do you
think still needs
to be addressed?
Contact Information
DAS team contact details• DAS Helpline 0300 200 2770
• DAS email [email protected]
• New DAS website www.dasscotland.gov.uk
• Help Centre
• Guidance Notes
