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IVA.CO.UK DEBT DEBATE 24TH OCTOBER 2007
  > Debt event organised by IVA.co.uk
IVA.co.uk’s latest Debt Debate was a great success, attended by a packed audience of over a hundred Insolvency Practitioners, creditors, journalists, industry experts and members of the public.

This debate began with a general review of the debt situation in the UK today – the changing economic climate, rising levels of personal debt, creditor attitudes to debt and IVAs, and the future of the debt management industry.

The debate then focused on debt education – the process of educating children and teenagers in sensible and practical money management skills, giving ‘financial literacy’ to the next generation.

The expert panel engaged in a lively debate on all of these issues, with audience members providing valuable and thoughtful contributions throughout. The debate will be presented by James Bellini, the futurist and TV presenter whose previous credits include The Money Programme and Today.

Topics discussed included:


Whether or not the UK is on the brink of a debt crisis
Changing attitudes to borrowing and debt in the UK, against a landscape of record personal debt
The need for debt education to avoid a debt crisis, and the inadequacy of current government measures
The roles of schools, banks and the government in debt education
Self-education and the importance of online resources in this process


Available at the event were the IVA.co.uk Debt Education Pamphlets. Giving free advice to parents, teachers and teenagers on debt education, they also include lesson plans for pupils at both Primary and Secondary level.

They are now available to download at: www.iva.co.uk/debteducation.

The IVA.co.uk Debt Debate was held on the 24th October in Brown’s Courtrooms, Covent Garden, and ran from 3.30 to 6pm. Look out for the next debate, due to be held in February as part of Debt Awareness Week.
  LINKS
> Click here to download the Debt Education leaflets
These free pamphlets provide advice and lesson plans for parents,teachers and teenagers.

> Click here to read a transcipt of the event
Read a full transcript of the event, inluding keynote speeches and audience contributions.

> See a Forum thread discussing the event
Forum members discuss the debt debate and issues they'd like to be raised next time.

> Click here for information on the previous debate
Read information about the previous event that took place on the 1st August 2007.

> Click here to watch a post debate panel discussion
The panelists and chair give their comments on the debt industry and the debate itself.

> Click here to watch the IVA.co.uk Debt Debate
A full recording of the debate, including opening and closing speeches by Andy Davie and James Bellini.

The expert panel included:

- Mark Allen is a partner at Grant Thornton. He is responsible for the National IVA service line and is a chartered accountant.
- Rachel Lacey editor for Moneywise, Britain’s best-selling personal finance magazine
- James Falla debt author with over 10 years experience as MD of debt consultancy, Thomas Charles, regularly featured on BBC as a debt expert.
- Anne Kiem Head of External Affairs for the ifs School of Finance

- Andy Reeve Head of Business Studies at Kings School, Macclesfield, and columnist for Economics Today


Pictures of the event


ScottieT Photography
Check out my site at www.scottiet.com

The debate was chaired by:

- James Bellini
James is a broadcaster and futurist with a long television career including, presenting "The Money Programme" before moving to "Newsnight" and "Panorama".

Venue:

Browns Courtrooms

82-84 St Martins Lane
Covent Garden,
London, WC2N 4AA

www.browns-restaurants.com

>Click here for a map of the venue


The debate is sponsored by :

Tuxedo is an approved MasterCard® Member Service Provider focused on delivering affordable Prepaid MasterCard® products.

An industry leading payment solutions for consumers and businesses in the United Kingdom. With its unique eccount functionality, Tuxedo offers a range of great features and ways to help customers manage their money 24 hours a day by SMS, automated telephone service or online – safely and conveniently.

Tuxedo Cards are Prepaid, providing customers with a means to spend, share, receive and withdraw money without the worry of overspending. Customers simply top-up as they go.


The debate was supported by:

   

Audience testimonials:

It was an amazingly well put together debate, which could have run on for at least another hour as everyone seemed to wish to participate fully in the discussion of such an interesting and topical subject.
Melanie Giles, Insolvency Practitioner

A big thanks for organizing a great event. I thought it was very well attended and the discussions all informative and current. I look forward to any future events.
Nick Du Boulay, The Debt Advice Portal

I can only agree with the comments of others; a really interesting and useful debate. One of the panel explained the current arrangements for financial education within the national curriculum. It was good to see some room has been made for it (there was none in my day) but I was surprised at just how little.
Andrew Graveson, Bright Oak Debt Management

We were all saying that we learnt a lot more in that hour about debt than we had ever learnt.
Josh Doyley, Camden School for Girls

It was nice to meet some of the other posters here and it was also so nice to be able to say a big thank you to Melanie in person.
Ray A, Forum Member

Organisations attending this Debate include :

  • HBOS
  • Lloyds TSB
  • Black Horse Finance
  • Honda Finance Europe Plc
  • Thomas Charles
  • Tuxedo Money Solutions Ltd
  • Clean Slate
  • The Institute of Actuaries
  • Pitmans
  • Haslers
  • Tenon
  • Debt Mediation Services
  • McCambridge Duffy LLP
  • Begbies Traynor Plc
  • Money Debt and Credit Plc
  • Accuma
  • Central Debt Management
  • Bankruptcy Advisory Service
  • Bright Oak
  • Eaga Plc
  • Vantis Plc
  • Atherton Bailey LLP
  • Richard Long & Co
  • Frost Group
  • Cooper Parry
  • Ditch The Debt
  • Grosvenor Partners LLP
  • Buchanans
  • Life Academy
  • Which?
  • Funding Options & The Sick Pay Club
  • Camden School for Girls Sixth Form
  • Dodd and Co
  • Turpin Barker Armstrong
  • R3
  • Begbies Traynor Plc
  • Premium Collections Limited
  • Finance & Leasing Association
  • Credit Professionals Limited
  • BERR