Our Commercial Development Manager Andrew Waters recently attended a roundtable event hosted by the FCA in London. The purpose of the event was to bring together policy makers and relevant experts to discuss alternatives to high-cost credit for the provision of essential household goods. It also covered identifying potential barriers to wider adoption of such alternatives, and what can be done to address them.
The session was part of the FCAs wider review of high-cost credit, with the particular focus on why consumers use rent-to-own and the current alternative options.
Andrew shared with the cross-agency group examples of our experiences of providing essential household products, details of best practice and how a service like ours can be expanded on to further support those most in need.
The session sparked some lively and insightful debate which has help the FCA to develop their proposals for action. They have published a short summary of the key themes from these discussion which can be found here: https://www.fca.org.uk/publication/research/high-cost-credit-review-feedback-roundtables.pdf.
We were delighted to attend this valuable session and further display our commitment to supporting policy solutions that provide positive outcome for the social housing sector. We are keen to contribute to similar events and research, if you feel we could support you or your organisation please contact Andrew Waters on firstname.lastname@example.org