Get involved in developing the SFS

The Standard Financial Statement (SFS) was launched on 1 March 2017 by various advice providers and the Insolvency Service in England and Wales.

We are now in the transition period when the remaining when the remaining advice providers and creditors will switch to the SFS. This is expected to conclude by April 2018.

A governance group with broad representation from across the advice and creditor sectors had been in place to agree on the format and function of the SFS building up to the launch.

That group will be replaced by a new group with smaller membership to oversee the running and continuous improvement of the SFS.

The Money Advice Service would like to initiate a consultative group to support and inform the new SFS governance group. This consultative group would have a much wider membership across the operational side of stakeholder organisations, allowing front-line feedback and data on the usage of the SFS and its development to the governance group, as well as having the ability to research any issues requested by the governance group. The group will also explore possible future developments of the SFS.

We would like to invite any organisations wishing to be involved in the consultative group to respond to sfs.support@moneyadviceservice.org.uk before 7 June 2017, stating interest in either the London or Manchester event.

We are proposing the first meetings of the consultative take place at two locations, one in London and another in Manchester around the end of July 2017. There will be one scheduled meeting per year, with further meetings at the discretion of the consultative group chair and the Money Advice Service’s Director of Debt, in conjunction with the SFS governance group.

More details will be shared on the exact dates and venues once we have a clearer idea of attendees.