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Debt advice funding review published at ‘pivotal moment’ for sector

Peter Wyman’s independent review of funding of debt advice in the UK, commissioned by the Money Advice Service, has today (25th January 2018) been published.
 
Joanna Elson OBE, chief executive of the Money Advice Trust, the charity that runs National Debtline said:

“We welcome the publication of Peter Wyman’s independent review and its recognition of the biggest single issue facing the delivery of free debt advice in the UK – that demand already exceeds supply, and will only increase in the years ahead.
 
“The review recognises the enormous value of free-to-client debt advice to our society and economy – and is right to identify both the need for increased funding, and the potential for greater efficiency and collaboration across the sector.
 
“The review is published at a pivotal moment for debt advice, with Parliament currently debating the creation of the new Single Financial Guidance Body, and the Treasury consulting on the introduction of a statutory breathing space scheme.
 
“We look forward to working with partners to consider the review’s findings, and playing our part in ensuring that many more people receive the free, independent, high quality debt advice they need.”

Peter Wyman’s Review of Debt Advice funding is available here.

 
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