The Money Advice Service has announced that its Peer Review Scheme will be administered by Recognising Excellence. Developed in collaboration with key debt sector organisations, the Scheme will involve specialist debt advisors assessing the work of other advisors with the aim to drive continuous improvement and development in the sector. Suggestions will form the basis of an action plan, which will be implemented to improve the quality of advice given to debt clients.
Recognising Excellence will begin conducting reviews from September following a training period which will take place in the summer. The Scheme will be rolled out in England and Wales in the first instance, with a view to being rolled out more widely across the debt sector in the coming year.
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