UKAR ARena Issue 9: Spring 2015 | Page 14

TARGETED SUPPORT 14 UKAR’s Debt Advice Manager Lee Usher on promoting good practice. UKAR are committed to providing the best possible support to the customers of NRAM, Bradford & Bingley and Mortgage Express. Finding new ways of identifying and engaging with vulnerable customers – so that they can better understand the kind of help they need – underpins every aspect of that commitment. As a lender who takes a responsible approach to providing support, UKAR are constantly assessing their own where additional support may be welcomed. These may include older customers, people suffering from mental health “ he revised strategy T will make it easier for our teams to identify vulnerable customers.” problems, those with carers or represented by a third party, or those coping with a physical illness. Obviously there are situations we simply aren’t qualified to deal with but what we can do is signpost customers to appropriate support organisations – whether that’s about Lee Usher, Debt Advice Manager, UKAR. finance or a wider social problem. We can document and flag performance to deliver best practice. information in better ways too. So if someone tells us they’ve Here UKAR’s Debt Advice Manager, Lee Usher, outlines the different approach may be required by organisations dealing thinking behind their recent review into identifying and with vulnerable customers and those in vulnerable supporting customers in vulnerable circumstances – and circumstances. Whilst we had already launched our own explains why changes to policies and processes will help review into process and policy in 2014, this paper helped their teams offer even more targeted support. inform our position. suffered a bereavement, our colleagues will see the flag on their account and the customer won’t have to tell us again. We’re also investing in additional training to ensure telephone agents are even more aware of triggers that will help them better identify the risk factors. Improved listening – being aware of conversations that could signal a need for help – is important. He says: “We have always been very proud of our commitment We wanted to take a closer look at our existing strategy, to to supporting vulnerable customers and customers in highlight things we do well, find any gaps in provision and vulnerable circumstances, but we are always looking for deliver an even better, enhanced service. We began by talking to ways to do more. our key stakeholders – both within our business and externally. Reviewing and reappraising the way we do things gives us So as well as dialogue with UKAR, we engaged with College of Psychiatrists and Money Advice Trust to ensure confidence that we are doing the best we can and where organisations like Citizens Advice (CAB), StepChange Debt we’re working to the highest standard. appropriate, signposting people to the most appropriate, Charity and the Money Advice Liaison Group (MALG), to hear trusted sources of impartial advice. more about what they’d like us to do. We’re now in the process Later this year we will invite an independent and impartial of implementing these changes and the revised strategy will organisation into our offices so they can review our new Financial problems rarely exist in isolation and we Vulnerable customers and customers in vulnerable circumstances will be supported by specialist teams who have benefitted from the training developed by the Royal make it easier for our teams to identify vulnerable customers processes and policies, listen to calls and then provide even earlier and offer them even better, targeted support. feedback on how effective our new approach is. Based on the findings, we developed recommendations that That way we can keep reviewing the way we do things to perfect. Last year the FCA paper ‘Consumer Credit and included reaffirming ‘what is vulnerability?’; creating clearer continue offering a strong, useful service that recognises and Consumers in Vulnerable Circumstances’ highlighted that a guidelines for colleagues and highlighting high-risk groups, respects all of our customers.” acknowledge that customers may often benefit not just from expert debt advice but from other kinds of help and support too. It’s something the industry as a whole is working hard to 14 UKAR ARENA SPRING 2015 SPRING 2015 UKAR ARENA 15