The April 2023 ACE Newsletter contains the programme for the ACE Conference which is being held on the 26th and 27th May at the DoubleTree by Hilton in Chester. The programme includes speakers from the PRA, FCA and the FSCS on regulatory issues as well as sessions from the Money and Pensions Service, Fair4All Finance, National Illegal Money Lending team. There are also speakers talking about the new Consumer Duty regulations, Sharia compliant credit union services followed by Workshops on Dealing with Individual Voluntary Arrangements (IVAs) and Trust Deeds; identifying a credit union in distress and Combating Fraudulent Activity.
You may have already started to write your own Contingency Plans for the impact of COVID 19. With thanks to all UK Credit Union Trade Associations the factsheet here is not meant to replace or change anything that you have already implemented but it might help those of you who have not yet planned how to respond to the impact of Covid-19 as yet.
2020 Budget proposes changes to Credit Union legislation
The Chancellor announced at Budget yesterday that the Government will bring forward legislation to allow credit unions to offer a wider range of products and services to their members, supporting their vital role in financial inclusion. The Budget document is available here, and the specific announcement is on p100.
As the Government conducted a wide-ranging consultation on the future of the credit union sector in 2014, they believe it would be unnecessary to repeat the process at this point. However, HM Treasury is keen to engage with the sector on the specifics of the changes.