ACE is currently looking to employ a Business Development Manager to help attract new members and promote ACE Credit Union Services across the Credit Union sector in Great Britain. Applications with a CV should be sent to email@example.com The closing date for applications is 13/10/2023 with interviews being held in Manchester on the 23/10/2023
Following the trade bodies meeting with the PRA and FCA you can read about what you will need to do to take advantage of the new products and services being offered to credit unions through the Financial Services and Markets Act 2023. The FCA also lays out its expectations for credit unions as Consumer Duty becomes a reality on the 31st July 2023.
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.