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DAS Workshop 28 June 2012 Karen Halford DAS Senior Manager, AiB AND Melanie Taylor Head of Corporate Relations, Think Money.

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Presentation on theme: "DAS Workshop 28 June 2012 Karen Halford DAS Senior Manager, AiB AND Melanie Taylor Head of Corporate Relations, Think Money."— Presentation transcript:

1 DAS Workshop 28 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/ joint applications joint applications approved 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 May 2012: £18,978 Average DPP duration Prior to July 2011: 8 years 5 months July May 2012: 6 years 8 months

8 Gender split 45% male, 55% female (from 1 July to 31 Dec 2011) Numbers since new Regulations (1 July 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 DAS New DAS website Help Centre Guidance Notes

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