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“The Woolard Review - A review of change and innovation in the unsecured credit market” https://www.fca.org.uk/.../corp.../woolard-review-report.pdf
Recommendation 8 of the FCA’s “Woolard Review - A review of change and innovation in the unsecured credit market” says that: “Credit unions offer an important alternative to high-cost credit and enable wider financial inclusion. To fully realise their potential there is a case for removing some of the current restrictions on their activities. The FCA should work with the Bank of England, Treasury and Northern Irish government to set the timetable on updating the Credit Unions Act 1979 and Credit Unions (Northern Ireland) Order 1985 to allow credit unions to expand their product offering.”
ACE is currently working with the other UK trade bodies to influence the Regulatory changes.

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JOB VACANCY - Business Development Manager

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 bill.hudson@acecus.org The closing date for applications is 13/10/2023 with interviews being held in Manchester on the 23/10/2023


ACE Newsletter July 2023

Our latest newsletter is available to view here

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 Servicesand Markets Act 2023. The FCA also lays out its expectations for credit unions as Consumer Duty becomes a reality on the 31st July 2023.

Important Dates

September 2023
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