AdviceUK wins IMA Best New Initiative award
AdviceUK’s Sustainable Debt Advice Project (SDAP) won the Best New Initiative Award at the Institute of Money Advisers (IMA) Annual Conference in Manchester on 20 May.
The IMA Best New Initiative Award celebrates initiatives that have improved the service to clients and have resulted in higher levels of performance and client satisfaction.
SDAP is designed to improve long term funding for free-to-client debt advice agencies and to offer simpler repayment options for clients. It builds on the ‘Fair Share’ creditor contribution model by making it available to clients who are only able to make low or token offers to their creditors, enabling them to make a single monthly payment to multiple creditors. It provides a payment disbursement system that includes payments to priority creditors as well as consumer credit debts.
The IMA Performance awards were a great success for AdviceUK and our members. As well as AdviceUK winning the Best New Initiative award, Bristol Debt Advice Centre won the Debt Team of the Year award and Sorcha Kennedy (from Money Saviour CIC) won the Money Adviser of the Year award. Payplan (an SDAP partner organisation) won the Best Partnership award.