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 das@aib.gsi.gov.uk

• New DAS website www.dasscotland.gov.uk

• Help Centre

• Guidance Notes