Request a Demo Today

Letter from Dean Beale, | Release Date: 20th July 2021

To read a longer summary of this letter from Dean Beale, click here.

To access the original FCA document, click here.

Short Summary

Dean Beale, Chief Executive of the Insolvency Service, wrote to Sheldon Mills at the Financial Conduct Authority (FCA), summarising their discussions on problematic practices among debt packagers and outlining collaborative strategies to mitigate these issues.

Key points from the letter include:

Key Actions:

Firms must align with new regulatory standards, ensuring all referrals and marketing practices comply with updated guidelines. Ongoing engagement in the review processes and contribution to forthcoming consultations are crucial.

Back to the Dear CEO letter archives.